When a general contractor claims that he/she owns the floats in the programme, what does he/she intend to reflect?
Float means the time duration with which an activity in a project can be delayed without compromising with the overall time duration of the completion of the project.
If a general contractor claims that he/she owns the float in the programme, it means he/she has taken preventive measures in the activities so that if due to some accidents or unavoidable natural phenomena ( like excess rainfall, earthquake etc ) the activity is delayed, then also the overall project duration will not change.
Generally contractor owns the floats in order to manage the sequence , timings of activities and allocate the resources appropriately.
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