Take advantage of float time to complete the job ahead of schedule.
Today's skilled craft shortage is stretching the ability and imagination of most contractors trying to meet demanding
critical path project schedules. In addition to extra costs and expensive overtime, some projects result in liquidated
damages being assessed to the trades involved in delays. Most of these late completions end up with arbitration or
litigation claims, making it difficult to collect retention and unpaid change orders and delaying your critical path cash
flow for years.
You need to carefully examine all of the "commitment to completion" language before you bid a job or sign the
contract. Perhaps you can negotiate to have any punitive language removed from the contract before you sign. You
also need to monitor your jobsite supervisors' daily logs to ensure that you cover your butts (C.Y.A.).