Our original Contract Programme has Planned Completion and Contract Completion as the same date therefore no terminal float. TRA has been included against risky items. First programme for acceptance has been updated and some of the TRA was not required and has been reduced bringing the Planned Completion in ahead of Contract Completion. Can this then be converted to Terminal Float post Contract?
Yes, absolutely. And you can argue it does not matter as the Contractor ‘owns’ both terminal float and time risk allowance.