Who owns float

The value of critical path method scheduling as a management tool is well known. In recent years, the use of critical path method scheduling techniques in evaluating the validity of requests for time extensions has proven beneficial. Some contracts require that the contractor submit and update critical path method schedules showing critical and noncritical activities. Owners sometimes appropriate the float time of noncritical activities to further their own interests. In doing so, they risk causing unforseen costs. If the contract is a cost-plus agreement, these extra costs are usually absorbed by the owner. If the contract is a fixed-price agreement, the contractor will incur the extra costs. In the latter case, these costs may be justifiable delay or impact claims. If the agreement given to the contractor with the bid documents attributes ownership of float to the owner, the result may be cost increases in the form of higher bids.