What is the purpose of float?
Float as a general description is how much an activity can slip without affecting another. There are three main types of float within the ECC contract. Total float is how much a non-critical activity can slip without affecting the critical path, and is shared by both Parties when assessing progress and compensation events. In order for it to be meaningful the programme needs to be generated in a recognised planning package such as Primavera or Asta Powerproject and fully logic linked. Time risk allowances are risks that the Contractor has applied to individual activities, and are owned by the Contractor. Finally, terminal float is the difference between planned Completion and Completion Date and is again owned by the Contractor.
Does Time risk allowance only get added in between activities? And is it added as a separate activity on it’s own or included in an activity that might be at risk of completion? If it’s added as a separate activity on it’s own is it a task dependant type of activity? And in terms of progress do you progress/close/compete a terminal float activities when the relevant activities are complete?
Terminal float activities are these tasks dependent type of activity?