Why We Carry Contingency Budgets In Our Pro-Formas…

October 29, 2012
Bruce Kirsch, REFAI®

We carry contingency for all of the things that “would never happen to our project.” Better to have cushion and not have to use it than to need funds and not have them.

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About The Author

Hi, I'm Bruce Kirsch, co-author of the leading CRE finance textbook, Real Estate Finance and Investments: Risks and Opportunities, and the associated REFAI® Certification program. Over the last 20 years, I have had a diverse and interesting collection of adventures in CRE. I am the founder of Real Estate Financial Modeling and the creator of the Model for Success blog. I hold an MBA in Real Estate from The Wharton School, and I graduated with a BA in Communication from Stanford University.

Why We Carry Contingency Budgets In Our Pro-Formas…

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