Management reserves are normally defined as a % of the total budget. As a project progresses.

Thank you for the invitation. My answer is C

Option C -------------------------------------------------------

Thanks for the invitation.

I will go with option D which is prevailing practice.

Thank you. Answer A is appropriate.

Thank you for the invitation

Option A

It is Option A - Increase, Increase.

Thanks for invite -

With the choice - A  !

My answer is for option (A) Increase, increase