Home News Main Why You Always Need A Contingency In Your Budget

Why You Always Need A Contingency In Your Budget


Whatever line of business you are in, you will always need a budget. Having an in-depth breakdown of all the proposed spending will help to keep your company on track to maintain profits. Without a budget, you will end up throwing money at the project with no gauge of the return on investment that you hope to achieve. By using full, well-researched forecasts and a watertight budget, you will ensure that you have a tight ship 

But things go wrong. And while you can predict some events, others are entirely out of your control. These events may end up costing you and eating into your budget. While it is impossible sometimes to know what might happen in the future, you can, however, make allowances for the unknown. 

Creating a buffer in your budget will help to ensure that you are not left high and dry when something that is out of control occurs. A perfect example of the type of time where unplanned problems arise is when you take on a new unit for your business. 

Problems With Birds

Birds can cause havoc when they get into a building. They might build nests which mess with the structural integrity. There are also some health concerns such as faeces and diseases which are carried by wild birds. 

Getting rid of birds within your property is harder than you might think. For example, you are not permitted to hurt a gull, so you will need to bring in specialist seagull removal services

Once they have been removed, you will need to get some deterrents fitted to stop birds entering your property again. This may involve spikes and net around key spots where birds may choose to try to enter or sit. 


If you have moved into a building that was built during the second half of the twentieth century, then there is a potential that asbestos was used in its construction. Asbestos is a material that was commonly used in insulation and fire protection. It can withstand very high temperature, and as such, it is an excellent material for stopping the spread of fire. However, asbestos has not been used in the last twenty years because it has huge health risks. If asbestos is broken up and particles of it become airborne, there are severe implications to the lungs if breathed in. 

Asbestos was often used in the form of tiles, lagging, pipe insulation, as well as insulation boards. If it is intact, it poses no risk. 

When you take the property over, you should assess it to see if there is any asbestos present. There are several companies that will be able to carry out a full inspection and who will be able to draw up information about any asbestos found in the building for your reference. 

If you ever get work carried out, you will need to provide this information to the contractors so that they can be aware and take precautions to preserve the asbestos. 

The problem occurs when the inspection reveals loose or damaged asbestos. If this is found you will need to have the area sealed off and a specialist retraction team in to remove it. This can be very costly.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.