The document discusses various contingency issues that can arise before and during renovation projects, emphasizing the need for thorough documentation and budgeting for potential changes in scope, budget, and schedule. It details predesign, design, and construction phase challenges, including building code updates, hazardous material abatement, and unexpected structural findings. The document concludes by stressing the importance of preparation and coordination among stakeholders to mitigate the impact of unforeseen events on project timelines and costs.