I am interested to know how other LPS's have approached their contingency budget. We (Land of Oak & Iron) are fast approaching our final year and although we have yet to show enough spend on our main budget, we are starting to look at contingeny where there is a shortfall under specific project headings such as ensuring sufficient staff cover for the final three months.
I am of the understanding that contingency cannot be used unless a very good case is made? This then impacts on the Accountable Body being able to re-coup all of the core costs.
Simailarly inflation - how have other LPS's claimed inflation?