What is the primary concern of contractors when contract provisions address the issue of the ownership of float?
What will be an ideal response?
The primary concern of contractors is that they will want to know if the float is
owned by the contractor or by the owner. Contractors have their freedom of managing the
project greatly diminished if the owner owns any of the float. When the ownership of
float rests with the owner, owner delays and owner changes often do not include
compensation in the form of time extensions when only noncritical activities are
impacted. The consequences of such provisions can therefore be quite severe.
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