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Common use of Float Time Clause in Contracts

Float Time. Float time shall be as prescribed below: 1. The total Float within the overall Master Schedule, is not for the exclusive use of either the City or the Construction Manager, but is jointly owned by both and is a resource available to and shared by both Parties as needed to meet contract milestones and the Project completion dates. 2. The Construction Manager shall not sequester shared Float through such strategies as extending activity duration estimates to consume available Float, using preferential logic, or using extensive crew/resource sequencing. Float time within the schedule is jointly owned; no time extensions will be considered or granted nor delay damages considered or paid until a delay occurs that extends the Work beyond the Substantial Completion date. 3. City-caused delays on the Project may be offset by City-caused time savings (i.e., Critical Path submittals returned in less time than anticipated by the Master Schedule; approval of substitution requests and credit changes which result in savings of time to the Construction Manager). In such an event, the Construction Manager shall not be entitled to have considered or receive a time extension or delay damages until all City-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement

Float Time. Float time shall will be as prescribed below: 1. The total Float within the overall Master Schedule, Schedule is not for the exclusive use of either the City AWC or the Construction Manager, but is jointly owned by both and is a resource available to and shared by both Parties as needed to meet comply with contract milestones and the Project completion dates. 2. The Construction Manager shall will not sequester shared Float through such strategies as extending activity duration estimates to consume available Float, using preferential logic, or using extensive crew/resource sequencing. Float time within the schedule is jointly owned; no time extensions will be considered or granted granted, nor delay damages considered or paid until a delay occurs that extends the Work beyond the Substantial Completion date. 3. CityAWC-caused delays on the Project may be offset by City-AWC- caused time savings (i.e., Critical Path submittals returned in less time than anticipated by the Master Schedule; approval of substitution requests and credit changes which result in savings of time to the Construction Manager). In such an event, the Construction Manager shall will not be entitled to have considered or receive a time extension or delay damages until all CityAWC-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

Appears in 1 contract

Samples: Construction Manager at Risk Contract

Float Time. Float time shall be as prescribed below: 1. The total Float within the overall Master Schedule, is not for the exclusive use of either the City or the Construction Manager, but is jointly owned by both and is a resource available to and shared by both Parties as needed to meet contract milestones and the Project completion dates. 2. The Construction Manager shall not sequester shared Float through such strategies as extending activity duration estimates to consume available Float, using preferential logic, or using extensive crew/resource sequencing. Float time within the schedule is jointly owned; no time extensions will be considered or granted nor delay damages considered or paid until a delay occurs that which extends the Work beyond the Substantial Completion date. 3. City-caused delays on the Project may be offset by City-caused time savings (i.e., Critical Path submittals returned in less time than anticipated by the Master Schedule; approval of substitution requests and credit changes which result in savings of time to the Construction Manager). In such an event, the Construction Manager shall not be entitled to have considered or receive a time extension or delay damages until all City-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement

Float Time. Float time shall be as prescribed below: 1. The total Float within the overall Master Schedule, Schedule is not for the exclusive use of either the City Town or the Construction ManagerContractor, but is jointly owned by both and is a resource available to and shared by both Parties as needed to meet contract milestones and the Project completion dates. 2. The Construction Manager Contractor shall not sequester shared Float through such strategies as extending activity duration estimates to consume available Float, using preferential logic, or using extensive crew/resource sequencing. Float time within the schedule is jointly owned; no time extensions will be considered or granted nor delay damages considered or paid until a delay occurs that extends the Work beyond the Substantial Completion date. 3. CityTown-caused delays on the Project may be offset by CityTown-caused time savings (i.e., Critical Path submittals returned in less time than anticipated by the Master Schedule; approval of substitution requests and credit changes which result in savings of time to the Construction ManagerContractor). In such an event, the Construction Manager Contractor shall not be entitled to have considered or receive a time extension or delay damages until all CityTown-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

Appears in 1 contract

Samples: Design Build Agreement

Float Time. Float time shall be as prescribed below: 1. The total Float within the overall Master Schedule, is not for the exclusive use of either the City District or the Construction Manager, but is jointly owned by both and is a resource available to and shared by both Parties as needed to meet contract milestones and the Project completion dates. 2. The Construction Manager shall not sequester shared Float through such strategies as extending activity duration estimates to consume available Float, using preferential logic, or using extensive crew/resource sequencing. Float time within the schedule is jointly owned; no time extensions will be considered or granted nor delay damages considered or paid until a delay occurs that extends the Work beyond the Substantial Completion date. 3. CityDistrict-caused delays on the Project may be offset by CityDistrict-caused time savings (i.e., Critical Path submittals returned in less time than anticipated by the Master Schedule; approval of substitution requests and credit changes which result in savings of time to the Construction Manager). In such an event, the Construction Manager shall not be entitled to have considered or receive a time extension or delay damages until all CityDistrict-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement