The concept of float preallocation and management begins during contract preparation. The owner and/or the contractor must prepare contract clauses that will define the concept and describe its application. In private projects, the owners and contractors may agree upfront to adopt the new concept of total float preallocation; however, under public or hard-bid projects, the owner with or without the contractor’s agreement will adopt this new concept and insert contract clauses during bid preparation. In this case, the public owner will need to make an arbitrary determination of the preallocation percentages and through addendums, make adjustments prior to the contract award.