Indicates something isn't occurring now but is expected to or might happen later. A renovation of the old library is in contemplation for next year.
Pro Tip 2/3
Not Immediate
Something 'in contemplation' isn’t being done right now, but it's being thought over. Expanding the business is in contemplation, but no steps have been taken yet.
Pro Tip 3/3
Possibility
Conveys a sense of strategy or planning, rather than a casual idea. Management has a new training program in contemplation.