Introduction

In most standard forms of contract, it is unclear whether it is the employer or contractor who owns the programme float. The view of the Society of Construction Law in their ‘Delay and Disruption Protocol’ is that the project owns the float, which means that either party can use it. Chapter 18 reviews the issue in detail, discussing the concept of float, the importance of it, and who owns it. Simple diagrams are used to illustrate these aspects of ‘float’.