OBTAINING THE BUDGET CONTINGENCY RESERVE THROUGH THE MONTE CARLO METHOD: STUDY OF A FERRY CONSTRUCTION PROJECT
The naval sector of new construction is characterised by high cost programmes and a low degree of definition in the stages of tendering.With these requirements, an initial, highly-competitive budget should be developed with acceptable risk.For this reason, it is usual in this field for a budget Contingency Reserve to be defined, in order to cover p