Float - who does it belong?

Hi guys,

I’ve seen on the voting thread that most who voted thinks that the float should belong to the contractor. My question is, how does the contractor use this if indeed it belongs to the contractor or the other way around, what if it belongs to the client? What are the actual situations wherein one party can use this? Were there previous cases before that can be used as precedents with regards to this?

Kindly guide me on this.


Thanks,

Se