TY - GEN
T1 - Monitoring procedures for the application of the concept of pre-allocation of total float
AU - Amirahmad, Aslam
AU - Al-Sinaidi, A. Rahman
PY - 2013
Y1 - 2013
N2 - With the increasing complexity in construction projects, monitoring project schedule and managing projects effectively are becoming increasingly important. Most projects being deadline-oriented, timely completion becomes a must. A schedule overrun is never predicted at the start of the project. As per the current scheduling practices, float is considered free. It is an expiring resource. To handle the issue of total float management more efficiently, a new concept of total float management is proposed as an effort towards a more fair and equitable system. This concept respects the dynamic nature of construction projects and recognizes float to be an asset for both parties. The new concept proposes to allocate float in the ratio 50:50 between the parties at the start of the project. Monitoring procedures were developed to facilitate monitoring a project schedule closely as well as help in keeping track of the allowable total float for the owner and the contractor.
AB - With the increasing complexity in construction projects, monitoring project schedule and managing projects effectively are becoming increasingly important. Most projects being deadline-oriented, timely completion becomes a must. A schedule overrun is never predicted at the start of the project. As per the current scheduling practices, float is considered free. It is an expiring resource. To handle the issue of total float management more efficiently, a new concept of total float management is proposed as an effort towards a more fair and equitable system. This concept respects the dynamic nature of construction projects and recognizes float to be an asset for both parties. The new concept proposes to allocate float in the ratio 50:50 between the parties at the start of the project. Monitoring procedures were developed to facilitate monitoring a project schedule closely as well as help in keeping track of the allowable total float for the owner and the contractor.
UR - https://www.scopus.com/pages/publications/84885416970
U2 - 10.1061/9780784412848.077
DO - 10.1061/9780784412848.077
M3 - Conference contribution
AN - SCOPUS:84885416970
SN - 9780784412848
T3 - Structures Congress 2013: Bridging Your Passion with Your Profession - Proceedings of the 2013 Structures Congress
SP - 873
EP - 884
BT - Structures Congress 2013
PB - American Society of Civil Engineers (ASCE)
T2 - Structures Congress 2013: Bridging Your Passion with Your Profession
Y2 - 2 May 2013 through 4 May 2013
ER -