The proposed new concept for managing “total float” involves preallocating a predetermined amount of total float on the same noncritical path of activities to the two contractual parties—the owner and the contractor. For illustration purposes, this paper has adopted an equal allocation, or 50–50 allocation, concept to the two parties since it is considered to be fair and reasonable for the two parties.However, the amount of total float allocated to the two parties can range from 0 to 100 to 100 to 0 depending on the agreement between the parties prior to the start of the project.