An extension of time is a provision in construction contracts allowing the project completion date to be adjusted due to legitimate delays. This document is a public document, but it is intended for use in State capital construction projects.This request is more formal than the notice of delay, and the actual procedure to request a time extension should be outlined in the contract. An Extension of Time (EOT) Notice is a formal request that a contractor submits to the project owner and project manager. A contractor that maintains good project records will be able to back up their request for a time extension with comprehensive information. Licensed to perform construction in the State of North Carolina. The statute of limitations is the time frame within which a potential claimant can file a lawsuit. To qualify for an extension of time claim, this must be considered adverse weather. Project or the time taken to complete the project.