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.