| Term........................... |
Variance |
PGID#..........16650000 0100 |
| In the Context of........... |
|
Term Type....Root 1 |
| Also See In Context of... |
|
|
| Note............................... |
|
| Definition........................ |
A term in a contract, estimate or project bid that cites the amount by which costs May rise or fall. |
|
| Additional Info............... |
Often expressed as a percentage of a base amount. |
| Term In Use................. |
"The expense estimate includes a variance of plus or minus twenty percent." |
|
| Variations...................... |
|
| Plural............................ |
Variances |
|
Note: Synonyms, antonyms & related terms coming soon
|
| PLUS Usability Rank....... |
None |
| Preferred Term.............. |
|
|
