Expert advice in minutes not days. Register it's free and ask your first question now.
ReachBack is a free community help desk for construction professionals run by Built Intelligence. A library of high-quality questions from real users with answers delivered and curated by industry experts.

4,912 questions

5,237 answers


Register its Free

Download here

NEC ECC: Provision for Key Date terminal float under a PSC

0 votes
Core Clause 63.3 effectively explains the provision for the consultant to manage terminal float in the event of a CE. I'm a bit confused as to how this pertains to a Key Date in the 2nd sentence.

I take it the Consultant should show planned Completion also for each Key Date and retain (or lose) terminal float in the same way and for a Completion Date?

And I also take it this would apply to gain or loss of terminal float in the run of period updates?
asked Jul 27, 2018 in Compensation Events by Gridscape (570 points)  

1 Answer

+1 vote
Best answer
Yes you are correct. You should have an equivalent "planned Key Date" milestone like you would have a planned Completion, and it is treated exactly the same way when you assess a CE according to clause 63.1 i.e. if it is agreed a CE moves planned Key Date, then Key Date should move by same amount once the CE is implemented.

If your updates show an increase in gap between planned Key Date and Key Date then that increases the terminal float which you the Contractor own.
answered Jul 27, 2018 by Glenn Hide (70,150 points)  
selected Jul 31, 2018 by Gridscape
Thanks very much Glenn, on re-reading my Q I noticed some clumsy syntax and you still knew what I meant! Much obliged.