Float. All Float contained in the Project Schedule, as shown in the initial Project Baseline Schedule or as generated thereafter, shall be considered a Project resource available to either Party or both Parties as needed to absorb delays caused by any event, achieve schedule milestones, interim completion dates and/or Completion Deadlines. All Float shall be shown as such in the Project Schedule on each affected schedule path. TxDOT shall have the right to examine the identification of (or failure to identify) Float on the schedule in determining whether to approve the Project Schedule. Once identified, Developer shall monitor, account for and maintain Float in accordance with critical path methodology.
Float. Each Fund acknowledges that, as part of the Custodian’s compensation, the Custodian, to the extent permissible under applicable statutes, laws, rules and regulations, will earn interest on cash balances held by the Custodian as provided in the Custodian’s indirect compensation disclosures.
Float. As part of its brokerage services, LPL holds customer assets. Accordingly, LPL may receive compensation in the form of earnings on its investment of uninvested cash in Plan accounts. These earnings are generally known as "float." Cash in the account would typically result from contributions to the account or sales of securities in the account. LPL may also receive float on outstanding checks after they are issued by LPL to the Plan and before they are presented for payment. LPL retains float as additional compensation for its services.
Float. Float is defined as the amount of time between when an activity “can start” (the early start) and when an activity “must start” (the late start). It is understood by Owner and Construction Manager that float is a shared commodity, not for the exclusive use or financial benefit of either Party. Either Party has the full use of the float until it is depleted.
Float. 22 1. Float is not for the exclusive use or benefit of either ADOT or Developer, but must be 23 used in the best interest of completing the Project within the D&C Period. If the dates 24 in any Monthly Progress Schedule Submittal forecast any slippage or overrun of the 25 D&C Period, Developer shall indicate such slippage or overrun by reporting negative 26 Float.
27 2. Developer shall not utilize (1) Float suppression techniques in the Schedule, 28 including interim dates imposed by Developer other than Project milestone(s), or (2) 29 the inclusion of activities or constraints in a path or chain leading to a Contract 30 Milestone which are unrelated to the Work as stated and specified in the Contract 31 Documents, or (3) activity durations or sequences deemed by ADOT to be 32 unreasonable in whole or in part.
33 3. Preferential sequencing (i.e., whereby activities that could be performed concurrently 34 and are established in the Project Schedule as sequential simply to consume Float) 35 and/or indicating artificial activity durations (i.e., inflating activities in the schedule to 36 consume Float and influence the Critical Path) are unacceptable. Sequestering of 37 Float is cause for rejection of Developer’s schedule Submittal. In the event that Float 38 sequestering is identified, Developer shall revise the schedule appropriately.
39 4. Developer shall impose, code, and separately identify all time(s) and milestones in all 40 Monthly Progress Schedule Submittals in conformance to the milestone(s) and 41 time(s) set forth in the Contract Documents. Developer shall impose no other date 42 restraints in the Schedule, unless an explanation of their bases is provided and such 43 explanation is acceptable to ADOT.
44 5. ADOT will consider extensions of time for performance of the Work required under 45 the Agreement only to the extent that the equitable time adjustment for activities 46 affected by any condition or event which entitles Developer to a time extension 47 exceed the Float along the path of the activities affected at issuance of NTP for 1 Supplemental Agreement or commencement of any delay or condition for which an 2 adjustment is warranted under the Contract Documents.
3 6. If Developer is delayed in performing the Work, Developer shall absorb any related 4 delay, disruption, interference, hindrance, extension, or acceleration costs, however 5 caused, except as otherwise provided in Article 14 of the Agreement. Developer may 6 use Float to absorb...
Float. The term “Float” means the amount of time that a non-critical Work activity can be delayed or extended without delaying a critical path activity or the Contract Time.
Float. 38 1. Float is a jointly owned Project resource and must comply with the requirements in
Float. All Float contained in the Project Schedule, as shown in the initial Project Baseline Schedule or as generated thereafter, shall be considered a Project resource available to either Party or both Parties as needed to absorb delays caused by any event, achieve schedule milestones, interim completion dates and/or Completion Deadlines.
Float. All Float contained in the Project Schedule, as shown in the initial Project Baseline Schedule or as generated thereafter, shall be considered a shared resource among TxDOT, Developer and
Float. All Float contained in the Project Schedule, as shown in the initial Project Baseline Schedule or as generated thereafter, shall be considered a shared resource among TxDOT, Developer and the Design-Build Contractor available to any or all such parties as needed to absorb delay caused by Relief Events or other events, achieve interim completion dates and achieve Milestones by the applicable Milestone Deadlines, except that Float shall not be available to TxDOT to absorb delays caused by the Relief Events set forth in clauses (d) through (i) and (q) of the definition of Relief Events. As for such Relief Events, extensions of time shall be determined as if no Float then exists. All Float shall be shown as such in the Project Schedule on each affected schedule path. TxDOT shall have the right to examine the identification of (or failure to identify) Float on the Project Schedule in determining whether to approve the Project Schedule. Once identified, Developer shall monitor and account for Float in accordance with critical path methodology.
