In the context of construction projects, the term
"float" usually refers to the amount of
time that an activity can be delayed
without impacting subsequent activities
and/or the contractual completion date. In
essence, it is a time contingency that is built into the programme
to allow for unforeseen issues.
There are several types of float, including the following:
- Total float: The length of time that
an activity may be delayed without delaying the
contractual completion date/impacting the critical path.
- Free float (or activity
float): The length of time
that an activity can be
delayed without impacting activities that
immediately follow.
- Terminal float: The length of time between the
contractor's planned completion date and the
contractual completion date.