GMH Planning in conjunction with CECA (Civil Engineering Contractors Association) are producing a series of monthly bulletins focusing each month on an aspect of NEC contracts that their members should take particular attention to.
The tenth bulletin in our 2021 series is about the different types of float on a Contractor’s programme and who owns them, for which you can download a copy here:
The bulletin explores the elements of float, time risk allowances and terminal float as to how they should be shown and how they can or can not be absorbed when it comes to compensation events.
This series of bulletins are intended to be a quick focus on certain aspects of the contract to allow parties to properly price and programme accordingly at tender stage and manage the contractual processes during the life of the project.