certificate of substantial completion


Also found in: Financial, Acronyms.

certificate of substantial completion

A certified statement, prepared by an architect on the basis of his inspection, (a) stating that the work, 1, or designated portion thereof, is substantially complete and ready for occupancy for its intended use; (b) establishing the date of substantial completion; (c) defining the interim responsibilities of the owner and the contractor for the provision of heat, maintenance, and security, and for possible damage and insurance; and (d) fixing the time within which the contractor shall complete the items on the inspection list (see punch list).
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