Fallback

{
  "id": "MLC-T-IND-002160",
  "term": "Fallback",
  "field": "Industrial and trades",
  "definition": "A contingency amount included in a project budget or schedule to cover unforeseen events, risks, or scope changes. This allocated reserve, also known as a contingency allowance, provides a buffer to absorb unexpected costs or delays without requiring a complete project re-plan. Fallback amounts are calculated based on risk analysis and are expressed as a percentage of the total project cost, often ranging from 5% to 15%.",
  "synonyms": [
    "plan B",
    "recourse. Thesaurus:option"
  ],
  "subject": "Construction",
  "translations": {
    "de": "Bitumenabbau",
    "es": "retroceso",
    "fr": "ramollissement"
  },
  "url": "https://mlchart.com/terminology/industrial/fallback/"
}