Abstract
The concept of time - particularly in terms of time for completion is one of the most important legal and managerial aspects in a construction project and ranks among the top priorities of construction project participants. Given the nature of the construction industry, some type of time related issues such as delay and disruption are practically inevitable.
However, well prepared project participants understand these risks and good contracts provide tools for efficient time management to secure maximum probability of project success. This article examines the following issues: time programme, ownership of floats, extensions of time for completion, concurrent delay and the respective FIDIC form provisions.
This discussion takes place in the context of the SCL Protocol - currently the most authoritative code of practice on these issues in the industry and in the light of recent rulings adopted by Czech and international courts and arbitration tribunals.