MF/1 who owns the float?

Hi, wasn’t sure what category to post this under.

Having worked with NEC3 for the last few years, I’m presented with a bid (as a planner) under a MF/1 contract.

Who owns the float? My guess is first party to take it, therefore the contractor does not have the comfort of terminal float and TRA.

es, correct, it is a quirk of the NEC that terminal float will always stay with the contractor.

As far as I recall there is nothing specific in MF/1 about programming and therefore general rules apply. Best to assume the project owns the float so yes first person to use it takes the benefit.

Much obliged Rob.