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.
Learning Objectives
- You will be able to describe CPM scheduling.
- You will be able to explain how float fits into CPM scheduling.
- You will be able to identify consideration for float ownership in contract provisions.
- You will be able to discuss what the courts have determined regarding float ownership.
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Agenda
CPM Scheduling in Review
Float Explained
Float Ownership
Float and Contract Provisions
The Courts and Float
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 18, 2022.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Barrett L. Richards, CCP, CEP, PSP
Greyhawk
- 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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