Stay informed on the topic of float ownership and its implications on the administration of a construction project.
Time is one of the critical components to completing a successful construction project. Critical Path Method (CPM) scheduling has long been a key process in managing time on a project. A byproduct of the CPM scheduling process is float, an often-debated topic, particularly who has the right to use or control the float - who owns the float. The focus of this material will be on float ownership. A brief overview of CPM scheduling will be provided, including a more detailed explanation of what float is and how it is calculated. This topic will discuss various possibilities for the ownership of float and contract provisions relating to float ownership. Court opinions from several cases involving the question of float will also be reviewed. This material will give you a better understanding of what float is and its place in CPM scheduling.
Barrett L. Richards, CCP, CEP, PSP
- Executive consultant with GREYHAWK
- Over 20 years of experience in project management oversight, claims and litigation support, project planning and scheduling, as well as preconstruction and construction cost estimating
- Provides services at all stages of the construction life cycle, from feasibility studies through project closeout, and construction claim preparation and analysis
- Regular speaker and educator on a broad range of construction topics including cost estimating, planning, and scheduling, risk mitigation, and construction claims for a variety of organizations, including the American Society of Civil Engineers, Construction Financial Managers Association, and the New York City Bar Association
- Member of the Association for the Advancement of Cost Engineering International (AACEI), American Bar Association Forum on Construction Law and Construction Financial Management Association, and adjunct member of the New York City Bar Association Construction Law Committee
- M.B.A. degree, Hofstra University Frank G. Zarb School of Business; B.S. degree in construction management, Brigham Young University
- Can be contacted at 631-559-9588 or [email protected]
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