Wednesday, 19 June 2013 
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This section serves to expand your regular vocabulary. What separates the men from the boys (or the women from the girls, if you want to equalize things) is v o c a b u l a r y. We cannot stress this point enough. People who have a larger vocabulary have been shown to make more money and get promoted more often.

There are 290 entries in this glossary.
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Term Definition
contingency

(pronounced kuhn-TEN-juhn-see)

An incident – such as an emergency situation – that may or may not occur, but that you want to plan for just in case. It’s something liable to happen as or result of something else happening (or not happening). More specifically, you will hear professionals (designers, architects, lawyers, even contractors, etc.) including a contingency fee in their pricing. This fee can be a cushion when the full scope of work is “iffy” or an amount that will be paid upon full and successful completion of the services. Extra info: This fee typically calculated as a percentage of the overall fee.

Example: Because she knew how unpredictable her client – the bank board of directors – could be, Dana built a 10 percent contingency into her estimate for remodeling the lobbies of all the branches in the northeast region.

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Good design works. Great design inspires. Design professionals, submit photos of the transformative and impactful murals that you have used in your projects, and Murals Your Way will feature you and your great design in their Designer of the Month program. The chosen designer will not only be featured in the designer of the month press release but will also win a free mural for their next project (or themselves!). Winners will be chosen and notified within the last week of the month. GO HERE to find out more details.

 
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