Nicholas Wilcox Cundy, Inland Transit — Henry Robinson Palmer (1834)
“ At what sum do you estimate the cost of the work, exclusive of contingencies? 1,893,788l. 14. Do you know at what sum the land is valued? The land is valued at 250,000l. 15. What would that make your whole estimate? Mr. Stephenson having estimated the whole cost at 2,500,000l.. I have supposed that that sum would be raised for the purpose of the whole work, and have therefore assumed the difference between my estimate and that sum as an item, which I distinguish as contingencies, which is about 356,000l, being a larger sum than is usually allowed for contingencies on public works. ”
