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 Town or the Contractor, 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 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. Town-caused delays on the Project may be offset by Town-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 Contractor). In such an event, the Contractor shall not be entitled to have considered or receive a time extension or delay damages until all Town-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

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 Town District or the ContractorConstruction 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 Contractor 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. TownDistrict-caused delays on the Project may be offset by TownDistrict-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 ContractorConstruction Manager). In such an event, the Contractor Construction Manager shall not be entitled to have considered or receive a time extension or delay damages until all TownDistrict-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

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 Town City or the ContractorConstruction 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 Contractor 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. TownCity-caused delays on the Project may be offset by TownCity-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 ContractorConstruction Manager). In such an event, the Contractor Construction Manager shall not be entitled to have considered or receive a time extension or delay damages until all TownCity-caused time savings are exceeded, and the Substantial Completion date is also exceeded.

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 Town City or the ContractorConstruction 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 Contractor 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. TownCity-caused delays on the Project may be offset by TownCity-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 ContractorConstruction Manager). In such an event, the Contractor Construction Manager shall not be entitled to have considered or receive a time extension or delay damages until all TownCity-caused time savings are exceeded, and the Substantial Completion date is also exceeded.