Contingent Liability Posted on 6th November 201522nd July 2021 by ThePD (The Project Definition) Contingent Liability is a potential liability that is contingent on the occurrence of some uncertain future event. Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Posted in Business and tagged commercial. ThePD (The Project Definition) ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.