Schedule Specification is a common term referring to a supplementing document that describes some additional information or special time-related conditions for the associated contract. The document specifies rules and requirements for time management procedures (for example, specific delivery terms, possible delays).
Schedule specification is usually designed by the customer who should create a drafted version of the document and submit it to the contractor for review and approval. Its purpose is to make the contract as clear and feasible as possible through addressing the following issues:
- Schedule variance (a time deviation from the schedule baseline)
- Resource leveling (how resources can be best allocated and used during contract implementation)
A typical schedule specification demonstrates the following information:
- Level of activity detailing
- Start and finish of each activity scheduled
- Activity sequence
- Dependence of every activity on completion of the preceding activity
- Possible effect of preceding activities to subsequent ones.