Terminal float is the difference between planned Completion and Completion Date on the Contractors programme. Let’s say that planned Completion was two weeks earlier than the Completion Date, and then a CE is working its way through the system that will delay planned Completion by three weeks and hence currently now one week beyond the Completion Date. I practically would still show the terminal float bar as being a two week long bar as an indicator as to where Completion Date should go to once the CE is implemented. However, by accepting that programme does not accept liability of quantum and if the CE is accepted as two weeks impact then Completion Date would only move by two weeks. At that point, planned would be one week beyond the Completion Date and the terminal float would be showing as a week beyond the Completion Date. Either that would need to be taken to adjudication (or senior representatives first) to try to get the additional week agreed, or the Contractor would have to mitigate that last week back and also remove the terminal float bar (or be liable for delay damages).
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