Construction Planning and Management
Total float for any activity is defined as the difference between

Its latest start time and earliest start time
Its latest start time and earliest finish time
Its earliest finish time and earliest start time for its successor activity
Its latest finish time and earliest start time for its successor activity

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Construction Planning and Management
During the construction period, price variation clause in contracts caters to

Increase in rates of only important materials
Rate of inflation
Variation in total cost of the project on an ad hoc basis
Variation in cost in materials element, labour element and petrol-oil-lubricant element

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