contingency
possible but uncertain future event
A possible future event that might happen and that you should be ready for.
plan for [any/every] contingency
- The company has a detailed contingency for a possible data breach.
- We need to think about every contingency before launching the new product.
- There was no contingency in place for a complete power failure.
- The evacuation drill is part of our contingency for natural disasters.
- Governments often overlook the worst-case contingencies when making policy.
- They made a plan for this kind of contingency.
- We must be ready for any contingency during the trip.
- The team talked about possible contingencies before the game.
- The school has a contingency if the weather is very bad.
- The manager asked us to list all likely contingencies.
extra reserve for possible problems
Extra money, time, or things that you keep in case a problem happens later.
[a/an] contingency in [a budget/plan]
- The project budget includes a 10 percent contingency for unforeseen expenses.
- We set up a contingency fund to cover equipment failures.
- There is no contingency in the schedule, so any delay will push back the launch date.
- The contract price has a built-in contingency for currency fluctuations.
- They always keep a contingency to deal with cost overruns.
- The company keeps a contingency for bad times.
- Our budget has a small contingency for extra costs.
- We need a contingency in case the work takes longer.
- They put money in a contingency fund every year.
- There is no contingency, so we cannot handle surprises.
condition depending on another event
A rule or agreement that something will happen only if another event happens first.
[something] is done on a contingency basis
- The lawyer agreed to work on a contingency, taking a fee only if they won the case.
- Under the contingency in the contract, payment is due only if the project is completed on time.
- Many personal injury cases are handled on a contingency basis.
- The merger is subject to several regulatory contingencies.
- Because of the contingency, investors will only be paid if profits reach a certain level.
- The lawyer gets money only on a contingency.
- The contract has a contingency: we pay only if we win.
- His job offer comes with a contingency that he must pass a test.
- The company agreed to a contingency fee for the case.
- Their deal is a contingency based on sales results.
state of being not necessary
The idea that something happens or exists only because of certain conditions, and it did not have to be that way.
the contingency of [life/history/events]
- The book explores the contingency of social norms rather than treating them as fixed truths.
- Many philosophers emphasize the contingency of human existence in an indifferent universe.
- Her argument depends on the historical contingency of current political borders.
- The theory rejects any notion of fate, stressing pure contingency instead.
- He contrasts divine necessity with the contingency of the created world.
- The teacher talked about the contingency of our values.
- Some thinkers say there is only contingency, not fate.
- The writer shows the contingency of our laws and rules.
- They argue that culture is a matter of contingency, not nature.
- The article explains the contingency of this political system.
- Base: contingency
- Plural: contingencies
allow for contingencies
1include extra for possible problems
To add extra time, money, or space in your plan because problems might happen later.
- The schedule allows for contingencies such as bad weather or equipment failure.
- You should allow for contingencies when estimating the project cost.
- We did not allow for contingencies, so even a small delay caused big issues.
build in a contingency
1include backup or reserve in a plan
To put extra time, money, or another backup part into a plan or system so it can handle problems.
- They built in a contingency to cover unexpected legal costs.
- We should build in a contingency so the project can survive a short delay.
- The design builds in a contingency in case one of the servers fails.
contingency fee
1lawyer fee paid only on success
Money you pay a lawyer only if you win the case, usually a part of the money you get.
- The firm charges a contingency fee of 30 percent of any settlement.
- She could afford a lawyer because they offered a contingency fee arrangement.
- Contingency fee agreements are common in personal injury lawsuits.
contingency fund
1money saved for possible problems
Money that you keep aside to use only if there is a problem or extra cost in the future.
- The city used its contingency fund to repair the damaged bridge.
- We keep a small contingency fund for sudden home repairs.
- The project’s contingency fund was almost completely spent by the end of the year.
contingency plan
1backup plan for possible problems
A backup plan that you prepare before, so you know what to do if a problem or emergency happens.
- Every hospital is required to have a contingency plan for power outages.
- They activated the contingency plan when the main server failed.
- Without a clear contingency plan, the team panicked during the crisis.
contingency planning
1process of planning for risks
The work of thinking about and making plans for possible future problems or emergencies.
- Effective contingency planning helped the company stay open during the pandemic.
- The workshop focused on contingency planning for natural disasters.
- Contingency planning is now a standard part of project management.
contingency table
1statistical table of combined categories
A table in statistics that shows how often different combinations of two or more groups or choices happen together.
- The researcher used a contingency table to examine the relationship between age and voting behavior.
- They entered the survey results into a contingency table before running the chi-square test.
- A simple two-by-two contingency table can show whether the treatment and outcome are related.
cover all contingencies
1prepare for every possible problem
To be ready for every possible future event or problem.
- The risk assessment is designed to cover all contingencies.
- Their emergency procedures clearly do not cover all contingencies.
- It is impossible to cover all contingencies, but we can reduce the main risks.
in any contingency
1in whatever situation happens
Used to say that something is true or should happen in whatever future situation may come.
- The agreement should protect both parties in any contingency.
- In any contingency, communication with staff must remain clear and regular.
- The system is designed to remain secure in any contingency.
on a contingency basis
1only paid if result achieved
Used to say that someone will be paid or something will happen only if a certain result is reached.
- The attorney agreed to represent her on a contingency basis.
- Consultants were hired on a contingency basis and will be paid only if costs go down.
- Many people prefer lawyers who work on a contingency basis for injury cases.
plan for every contingency
1make plans for all possibilities
To make plans so you are ready for any possible future event or problem.
- We can’t plan for every contingency, but we must try to plan for the most likely ones.
- Before the space mission, engineers tried to plan for every contingency.
- The manager expects us to plan for every contingency before we sign the contract.