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Discover LudwigThe term "the contingency" is correct and can be used in written English
It is generally used to refer to the unexpected events or circumstances that could possibly happen in the future. For example, "We need to plan for the contingency that our budget will be unexpectedly cut."
Dictionary
the contingency
noun
The quality of being contingent, of happening by chance; unpredictability.
Exact(60)
Hence the contingency plan.
"The contingency plans are going well".
UNDINE: What about the contingency list?
"The contingency plans are there," he said.
Q: What does the contingency fund normally get spent on?
He says the contingency fund is worth just 1%.
It's also a reminder of the contingency of historical research.
What the contingency plans are, he wouldn't say.
Senator Conrad called the contingency fund "highly questionable".
Union officials expressed dismay yesterday at the contingency plans.
While we acknowledge problems can occur, where is the contingency?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com