Floating dates (amendments recalculated automatically)

If a contract stipulates for deadlines and contract milestones to be calculated by reference to another contract deadline (e.g. starting date), such floating deadline will adjust automatically if either the referenced date or the related term change. Al CLM notifications for each such date adjust accordingly.

For example, if a construction agreement determines that certain subprojects or materials are to be ordered 12 weeks before start of construction works, the ultimate order date is recalculated if either the starting date or the 12-weeks leadtime changes.