For many years I have argued strongly against using ANY overstress for all temporary work.
I have no problem with JAE's approach that uses a realistic short term load (similarly for wave, wind, earthquake risk), but...
Fatal accidents resulting from failure of temporary work are still all too common (with cofferdams being well represented in the statistics).
Remember that the hydrostatic component of the earth pressure doesn't know that you are treating it as 'short-term'.
There may be a tendency to treat the entire matter of temorary work design and construction as being less 'important' than permanent work, hence less supervision in the design office and on site.
Overloading of temporary work is not as rare as it should be.
There is a risk of unauthorised site modifications to all temporary work (due to unforeseen obstructions to sheet-piling, etc).
There is a significant risk of excessive loads due to crane operation outside any initially planned needs (on one project with which I was concerned, the there was an accident involving crane planned for a critical lift on the day before the lift, and the replacment crane loaded a temporary wharf in entirely different loactions from those expected in our design office). A similar state of affairs could increase surcharge locally on the material around you cofferdam.
All in all, talk of any general overstress allowance horrifies me - whenever I lecture on the topic at our local Uni I tell my students the very reverse - allow for the totally unexpected (eg vertical/horizontal loads at midspan of cofferdam struts to allow for impact from concrete skips), and ensure that temporary designs have a good reserve of robustness.