contingency reserves
[kənˈtɪndʒənsi rɪˈzɜrvz]
nounpl: contingency reserves
reservas de contingência
1. Financial or material resources set aside to cover unexpected costs, emergencies, or unforeseen circumstances in a project, budget, or organization
The construction project included a 10% contingency reserves to handle unexpected expenses.
O projeto de construção incluía reservas de contingência de 10% para cobrir despesas inesperadas.
2. Funds allocated in financial planning to manage risks and uncertainties that may arise during implementation
Banks maintain contingency reserves as required by regulatory authorities.
Os bancos mantêm reservas de contingência conforme exigido pelas autoridades regulatórias.
3. Money or resources held in reserve by governments, corporations, or institutions for potential crises or emergencies
The government established contingency reserves for natural disaster relief.
O governo estabeleceu reservas de contingência para assistência em desastres naturais.
Contingency reserves are a critical concept in both Brazilian and American business practices, reflecting organizational prudence and financial responsibility. In Brazil, government projects and construction are required by law to allocate contingency reserves, typically 5-15% of project costs. In the USA, contingency planning is deeply embedded in corporate culture and project management methodologies such as PMI standards. The concept reflects a cultural value of preparedness and risk mitigation in both countries.
Related Idioms & Phrases
have a contingency plan
set aside contingency reserves
dip into contingency reserves
contingency reserve fund
maintain adequate contingency reserves
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