If a compensation event use the float between the planned Completion and the Completion Date. How is this taken into account when assessing the CE.
In accordance with Clause 63.3, float attached to the whole programme (i.e. any float between planned Completion and the Completion Date) is not available. Any delay to planned Completion due to a compensation event therefore results in the same delay to the Completion Date.
The difference between planned Completion and Completion Date is commonly known as “terminal float” and is owned by the Contractor and hence retained when assessing compensation events. The ECC guidance notes for clause 63.3 make this quite clear what the intent if the contract is.