2.2 Application and grant of extension of time The purpose of granting an extension of time is to fix the period by which the completic to be extended. depending on the incidence of relevant events and measured by the stat is fair and reasonable. The revised date is not the date by which the contractor o achieved completion, but within which the contractor ought fairly and reasonably to ha the works! Ideally, an application for an extension of time should be dealt with as clc possible to the relevant event. Such impact of the employer risk events should ideally b the work proceeds both in terms of extension of time and compensation.m date ought dard of what aught to have ve completed se in time as e assessed as