• 6 minutes

Float and Contract Provisions


Understand the importance of detailed contract provisions.

Contracts should be both fair and reasonable to both parties. The contracts that are patently unfair to one party over the other may be found to be unenforceable. Contracts that were entered into with the intent of causing the other party to fail may also be found to be unenforceable. Contract provisions can help with avoiding issues with unenforceability down the timeline and specifically, addressing what float is and for whose benefit it is included. This video will discuss contract provisions relating to float ownership.

Runtime: 6 minutes



Barrett L. Richards, CCP, CEP, PSP

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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