What is foreseeable loss for an incomplete contract method?

Date:2023-01-07
Foreseeable loss for an incomplete contract method is an estimate of the total costs of a project that is expected to be incurred if it is not completed as planned. It is a measure of the expected lost profit resulting from an inability to complete the contract as planned. Foreseeable loss estimates are typically based on a review of potential costs and risks associated with the incomplete contract and the likely course of action that would be pursued in the event of an incomplete contract.
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