What Substantial Completion Means?
Substantial Completion Definition Substantial Completion Means the Project, or a Portion of the Project, Is Fit for Its Intended Use. the Owner Can Then Occupy...
What is the significance of substantial completion?
Typically, achieving Substantial Completion entitles the contractor to receive full payment for his work, less amounts the owner can retain to secure outstanding punch list work or to secure repairs for defective work. As a result, a contractor is entitled to payment even though the project is not fully complete.
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What is substantial completion certificate?
Substantial completion is therefore completion to a state which permits the employer to enter into functional or operation occupation, but when minor outstanding works, which may logically include remedying defects, remain to be completed in the Maintenance Period.
Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.
