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substantial completion

   Also found in: Financial 0.02 sec.
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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This is actually called substantial completion and what that means is we're not holding traffic anymore.
With groundbreaking in August 2007, the building is moving toward substantial completion for October 2010.
Second, during 2011 to 2012, substantial completion of high-speed railway will bring EMU to peak demand, while in 2013 to 2020, demand for EMU is only replacement or repairs as a result of the accomplishment of the high-speed railway construction, and demand for high-power locomotives will remain strong.
 
 
 
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