In this issue, we will look at the situation when the programme of works contains ‘float’ and who actually owns it if both the Employer and the Contractor respectively delayed the project. Before answering this question, let us define what actually ‘float’ is in the programme of works.
‘Float’ is basically the time available to an activity or path in addition to its actual duration required to perform that activity which serves as contingency or spare time. It gives some flexibility to the Contractor in the event that he is not able to carry out the works on the intended start date or as quickly as it is planned. In other words, ‘float’ is use to ‘absorb’ the delay of any such occurrences, which falls outside the critical path, i.e. not jeopardising the contract completion date.