substantial completion


Also found in: Financial.

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).
References in periodicals archive ?
Work is expected to begin in April 2018 and substantial completion is anticipated in 2022.
Work on the project is expected to commence in the spring of 2018 with substantial completion anticipated by mid-2021.
ISLAMABAD -- The strategically important 969 MW-Neelum Jhelum Hydropower Project (NJHP) achieved a major milestone, as water filling has been started on Tuesday in the reservoir subsequent to the substantial completion of the dam.
Construction will begin in October 2017 with substantial completion expected in the fourth quarter of 2019.
The PS1M, 225m3 Bromlow DSR is the first of these projects to have been delivered by the MMB STW partnership, within a challenging timescale of just over 12 months from beginning of design to substantial completion.
55m) includes a loan stock subscription obligation payable following the substantial completion of construction of the A9 Project.
Construction of permanent works will begin immediately, with most of the new terminal opening in 2020 and substantial completion anticipated during 2022.
NASDAQ: CSIQ), has reached substantial completion on its 100 MW AC (133 MW DC) utility-scale Grand Renewable Solar Project.
According to Skanska, construction on the project started in November 2014 and substantial completion is expected in 2017.
4m in the three months ended 31 March 2014, primarily reflecting the substantial completion of certain components of the research obligations under its collaborations.
Of the balance, the development agreement calls for that to be paid in three equal installments ($333,334) -- when construction of the residential component begins, when construction of the hotel begins and upon substantial completion of the underground parking garage, Ms.
Disputes can arise (and have arisen) when substantial completion is achieved or a contract is complete so as to trigger the limitations period for filing a mechanic's lien.

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