C1nounformalbusinesswork
US/kənˈtɪn.dʒən.si/
UK/kənˈtɪn.dʒən.si/
a possible future event or problem, or a plan made in case it happens
In context
We have a contingency plan in case the main supplier cannot deliver on time.
The budget includes ten percent for contingencies such as delays or price increases.
Managers should prepare for every contingency before the product launch next month.
Words that go with contingency
noun + noun
- contingency planPlease review the contingency plan before the audit.
- contingency fundThe company set aside a contingency fund for emergencies.
- contingency budgetOur contingency budget covered the unexpected repairs.
verb + preposition
- prepare for contingenciesGood project managers prepare for contingencies.
- allow for contingenciesThe schedule allows for contingencies such as bad weather.
noun + preposition
- in case of contingencyKeep extra stock in case of contingency.
Common mistakes
Incorrect:
contingence planCorrect: contingency plan