diff --git a/README.md b/README.md
index 7ff9b2c..c3ecc5d 100644
--- a/README.md
+++ b/README.md
@@ -535,6 +535,8 @@ func main() {
 
 - `ErrWait`: Returned when resources are not available after all retry attempts
 - `ErrInvalidArgument`: Returned for invalid input parameters
+- `ErrResourceNotFound`: Returned when a resource type is not registered
+- `ErrResourceAlreadyRegistered`: Returned when trying to register a resource type that already exists
 
 ### Error Handling Patterns
 
diff --git a/errors.go b/errors.go
index e946cec..3391daf 100644
--- a/errors.go
+++ b/errors.go
@@ -2,12 +2,16 @@ package waitfor
 
 import "errors"
 
-// ErrWait is returned when resource availability testing fails.
-// This error indicates that one or more resources did not become
-// available within the configured timeout and retry parameters.
 var (
-	ErrWait            = errors.New("failed to wait for resource availability")
+	// ErrWait is returned when resource availability testing fails.
+	// This error indicates that one or more resources did not become
+	// available within the configured timeout and retry parameters.
+	ErrWait = errors.New("failed to wait for resource availability")
 	// ErrInvalidArgument is returned when invalid arguments are passed
 	// to functions, such as empty resource URLs or invalid configuration.
 	ErrInvalidArgument = errors.New("invalid argument")
+	// ErrResourceAlreadyRegistered is returned when a resource factory is already registered for a scheme.
+	ErrResourceAlreadyRegistered = errors.New("resource is already registered with a given scheme")
+	// ErrResourceNotFound is returned when no resource factory is found for a scheme.
+	ErrResourceNotFound = errors.New("resource with a given scheme is not found")
 )
diff --git a/go.mod b/go.mod
index 4ba2bba..b796cb1 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.23.0
 toolchain go1.24.6
 
 require (
-	github.com/cenkalti/backoff v2.2.1+incompatible
+	github.com/cenkalti/backoff/v5 v5.0.3
 	github.com/stretchr/testify v1.10.0
 )
 
diff --git a/go.sum b/go.sum
index a9d32c9..766f71c 100644
--- a/go.sum
+++ b/go.sum
@@ -1,5 +1,5 @@
-github.com/cenkalti/backoff v2.2.1+incompatible h1:tNowT99t7UNflLxfYYSlKYsBpXdEet03Pg2g16Swow4=
-github.com/cenkalti/backoff v2.2.1+incompatible/go.mod h1:90ReRw6GdpyfrHakVjL/QHaoyV4aDUVVkXQJJJ3NXXM=
+github.com/cenkalti/backoff/v5 v5.0.3 h1:ZN+IMa753KfX5hd8vVaMixjnqRZ3y8CuJKRKj1xcsSM=
+github.com/cenkalti/backoff/v5 v5.0.3/go.mod h1:rkhZdG3JZukswDf7f0cwqPNk4K0sa+F97BxZthm/crw=
 github.com/davecgh/go-spew v1.1.1 h1:vj9j/u1bqnvCEfJOwUhtlOARqs3+rkHYY13jYWTU97c=
 github.com/davecgh/go-spew v1.1.1/go.mod h1:J7Y8YcW2NihsgmVo/mv3lAwl/skON4iLHjSsI+c5H38=
 github.com/pmezard/go-difflib v1.0.0 h1:4DBwDE0NGyQoBHbLQYPwSUPoCMWR5BEzIk/f1lZbAQM=
diff --git a/options.go b/options.go
index 61a6be4..2bc6bba 100644
--- a/options.go
+++ b/options.go
@@ -5,31 +5,37 @@ import (
 )
 
 type (
-	// Options contains configuration parameters for resource testing behavior.
+	// options contains configuration parameters for resource testing behavior.
 	// These options control retry intervals, maximum wait times, and the number
 	// of attempts made when testing resource availability.
-	Options struct {
-		interval    time.Duration // Initial retry interval between attempts
-		maxInterval time.Duration // Maximum interval for exponential backoff
-		attempts    uint64        // Maximum number of retry attempts
+	options struct {
+		interval            time.Duration // Initial retry interval between attempts
+		maxInterval         time.Duration // Maximum interval for exponential backoff
+		attempts            uint64        // Maximum number of retry attempts
+		multiplier          float64       // Multiplier for exponential backoff
+		randomizationFactor float64       // Randomization factor for backoff intervals
 	}
 
-	// Option is a function type used to configure Options through the functional
+	// Option is a function type used to configure options through the functional
 	// options pattern. This allows flexible and extensible configuration of
 	// resource testing behavior.
-	Option func(opts *Options)
+	Option func(opts *options)
 )
 
-// newOptions creates a new Options instance with default values and applies
+// newOptions creates a new options instance with default values and applies
 // the provided option setters. Default values are:
 // - interval: 5 seconds
-// - maxInterval: 60 seconds  
+// - maxInterval: 60 seconds
 // - attempts: 5.
-func newOptions(setters []Option) *Options {
-	opts := &Options{
-		interval:    time.Duration(5) * time.Second,
-		maxInterval: time.Duration(60) * time.Second,
-		attempts:    5,
+// - multiplier: 1.5
+// - randomizationFactor: 0.5
+func newOptions(setters []Option) *options {
+	opts := &options{
+		interval:            time.Duration(5) * time.Second,
+		maxInterval:         time.Duration(60) * time.Second,
+		attempts:            5,
+		multiplier:          1.5,
+		randomizationFactor: 0.5,
 	}
 
 	for _, setter := range setters {
@@ -47,7 +53,7 @@ func newOptions(setters []Option) *Options {
 //
 //	runner.Test(ctx, resources, waitfor.WithInterval(2)) // Start with 2 second intervals
 func WithInterval(interval uint64) Option {
-	return func(opts *Options) {
+	return func(opts *options) {
 		opts.interval = time.Duration(interval) * time.Second
 	}
 }
@@ -60,7 +66,7 @@ func WithInterval(interval uint64) Option {
 //
 //	runner.Test(ctx, resources, waitfor.WithMaxInterval(30)) // Cap at 30 seconds
 func WithMaxInterval(interval uint64) Option {
-	return func(opts *Options) {
+	return func(opts *options) {
 		opts.maxInterval = time.Duration(interval) * time.Second
 	}
 }
@@ -73,7 +79,34 @@ func WithMaxInterval(interval uint64) Option {
 //
 //	runner.Test(ctx, resources, waitfor.WithAttempts(10)) // Try up to 10 times
 func WithAttempts(attempts uint64) Option {
-	return func(opts *Options) {
+	return func(opts *options) {
 		opts.attempts = attempts
 	}
 }
+
+// WithMultiplier creates an Option that sets the multiplier for exponential backoff.
+// This value determines how quickly the retry interval increases after each attempt.
+// A higher multiplier results in faster growth of the interval.
+//
+// Example:
+//
+//	runner.Test(ctx, resources, waitfor.WithMultiplier(2.0)) // Double the interval each time
+func WithMultiplier(multiplier float64) Option {
+	return func(opts *options) {
+		opts.multiplier = multiplier
+	}
+}
+
+// WithRandomizationFactor creates an Option that sets the randomization factor for
+// exponential backoff. This factor introduces jitter to the retry intervals,
+// helping to prevent thundering herd problems when multiple clients are retrying
+// simultaneously.
+//
+// Example:
+//
+//	runner.Test(ctx, resources, waitfor.WithRandomizationFactor(0.5)) // 50% jitter
+func WithRandomizationFactor(factor float64) Option {
+	return func(opts *options) {
+		opts.randomizationFactor = factor
+	}
+}
diff --git a/options_test.go b/options_test.go
index cd5810f..13927c6 100644
--- a/options_test.go
+++ b/options_test.go
@@ -31,7 +31,7 @@ func TestNewOptions_WithSetters(t *testing.T) {
 
 func TestWithInterval(t *testing.T) {
 	option := WithInterval(30)
-	opts := &Options{}
+	opts := &options{}
 
 	option(opts)
 
@@ -40,7 +40,7 @@ func TestWithInterval(t *testing.T) {
 
 func TestWithMaxInterval(t *testing.T) {
 	option := WithMaxInterval(90)
-	opts := &Options{}
+	opts := &options{}
 
 	option(opts)
 
@@ -49,7 +49,7 @@ func TestWithMaxInterval(t *testing.T) {
 
 func TestWithAttempts(t *testing.T) {
 	option := WithAttempts(20)
-	opts := &Options{}
+	opts := &options{}
 
 	option(opts)
 
@@ -67,3 +67,19 @@ func TestCombinedOptions(t *testing.T) {
 	assert.Equal(t, time.Duration(30)*time.Second, opts.maxInterval)
 	assert.Equal(t, uint64(8), opts.attempts)
 }
+
+func TestWithMultiplier(t *testing.T) {
+	opts := newOptions([]Option{
+		WithMultiplier(2.5),
+	})
+
+	assert.Equal(t, 2.5, opts.multiplier)
+}
+
+func TestWithRandomizationFactor(t *testing.T) {
+	opts := newOptions([]Option{
+		WithRandomizationFactor(0.3),
+	})
+
+	assert.Equal(t, 0.3, opts.randomizationFactor)
+}
diff --git a/registry.go b/registry.go
index ab562b5..2caf25a 100644
--- a/registry.go
+++ b/registry.go
@@ -2,7 +2,7 @@ package waitfor
 
 import (
 	"context"
-	"errors"
+	"fmt"
 	"net/url"
 	"strings"
 )
@@ -84,7 +84,7 @@ func (r *Registry) Register(scheme string, factory ResourceFactory) error {
 	_, exists := r.resources[scheme]
 
 	if exists {
-		return errors.New("resource is already registered with a given scheme:" + scheme)
+		return fmt.Errorf("%w: %s", ErrResourceAlreadyRegistered, scheme)
 	}
 
 	r.resources[scheme] = factory
@@ -113,7 +113,7 @@ func (r *Registry) Resolve(location string) (Resource, error) {
 	rf, found := r.resources[u.Scheme]
 
 	if !found {
-		return nil, errors.New("resource with a given scheme is not found:" + u.Scheme)
+		return nil, fmt.Errorf("%w: %s", ErrResourceNotFound, u.Scheme)
 	}
 
 	return rf(u)
diff --git a/waitfor.go b/waitfor.go
index 6db0a14..1bb9fd3 100644
--- a/waitfor.go
+++ b/waitfor.go
@@ -29,7 +29,7 @@ import (
 	"os/exec"
 	"sync"
 
-	"github.com/cenkalti/backoff"
+	"github.com/cenkalti/backoff/v5"
 )
 
 type (
@@ -109,8 +109,10 @@ func (r *Runner) Run(ctx context.Context, program Program, setters ...Option) ([
 //
 // The setters parameter allows customization of retry behavior including:
 // - Initial retry interval (WithInterval)
-// - Maximum retry interval (WithMaxInterval)  
+// - Maximum retry interval (WithMaxInterval)
 // - Number of retry attempts (WithAttempts)
+// - Multiplier for exponential backoff (WithMultiplier)
+// - Randomization factor for backoff intervals (WithRandomizationFactor)
 //
 // Example:
 //
@@ -142,7 +144,7 @@ func (r *Runner) Test(ctx context.Context, resources []string, setters ...Option
 // testAllInternal concurrently tests all provided resources and returns a channel
 // of errors. Each resource is tested in its own goroutine with the specified options.
 // The channel is closed when all tests complete.
-func (r *Runner) testAllInternal(ctx context.Context, resources []string, opts Options) <-chan error {
+func (r *Runner) testAllInternal(ctx context.Context, resources []string, opts options) <-chan error {
 	var wg sync.WaitGroup
 	wg.Add(len(resources))
 
@@ -169,7 +171,7 @@ func (r *Runner) testAllInternal(ctx context.Context, resources []string, opts O
 // testInternal tests a single resource with retry logic using exponential backoff.
 // It resolves the resource from the registry and applies the configured retry
 // strategy until the resource test passes or max attempts are reached.
-func (r *Runner) testInternal(ctx context.Context, resource string, opts Options) error {
+func (r *Runner) testInternal(ctx context.Context, resource string, opts options) error {
 	rsc, err := r.registry.Resolve(resource)
 
 	if err != nil {
@@ -179,8 +181,13 @@ func (r *Runner) testInternal(ctx context.Context, resource string, opts Options
 	b := backoff.NewExponentialBackOff()
 	b.InitialInterval = opts.interval
 	b.MaxInterval = opts.maxInterval
+	b.Multiplier = opts.multiplier
+	b.RandomizationFactor = opts.randomizationFactor
 
-	return backoff.Retry(func() error {
-		return rsc.Test(ctx)
-	}, backoff.WithContext(backoff.WithMaxRetries(b, opts.attempts), ctx))
+	_, err = backoff.Retry(ctx, func() (bool, error) {
+		// The return value doesn't matter to us
+		return false, rsc.Test(ctx)
+	}, backoff.WithMaxTries(uint(opts.attempts)))
+
+	return err
 }
diff --git a/waitfor_test.go b/waitfor_test.go
index 124b2e7..94cee21 100644
--- a/waitfor_test.go
+++ b/waitfor_test.go
@@ -212,7 +212,7 @@ func TestRunner_testInternal_ResolutionError(t *testing.T) {
 	runner := New() // No resources registered
 
 	ctx := context.Background()
-	opts := Options{
+	opts := options{
 		interval:    time.Second,
 		maxInterval: time.Minute,
 		attempts:    1,
@@ -231,7 +231,7 @@ func TestRunner_testInternal_ResourceTestError(t *testing.T) {
 	runner := New(config)
 
 	ctx := context.Background()
-	opts := Options{
+	opts := options{
 		interval:    1 * time.Millisecond, // Very short for testing
 		maxInterval: 2 * time.Millisecond,
 		attempts:    1, // Only one attempt to avoid long test time
@@ -249,7 +249,7 @@ func TestRunner_testAllInternal(t *testing.T) {
 	runner := New(config)
 
 	ctx := context.Background()
-	opts := Options{
+	opts := options{
 		interval:    time.Millisecond,
 		maxInterval: time.Millisecond * 10,
 		attempts:    1,
@@ -277,7 +277,7 @@ func TestRunner_testAllInternal_WithErrors(t *testing.T) {
 	runner := New(config)
 
 	ctx := context.Background()
-	opts := Options{
+	opts := options{
 		interval:    time.Millisecond,
 		maxInterval: time.Millisecond * 10,
 		attempts:    1,