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 ?
('Cheniere') (NYSE American: LNG) announced today that Substantial Completion of Train 2 of the Corpus Christi liquefaction project was achieved on August 28, 2019.
and Japan LNG Investment, LLC., following its substantial completion.
Global Banking News-March 11, 2019-Cheniere Partners achieves substantial completion of Train 5 at the Sabine Pass liquefaction project
M2 EQUITYBITES-March 11, 2019-Cheniere Partners achieves substantial completion of Train 5 at the Sabine Pass liquefaction project
541.051, subdivision 1 (a), which states that in no event shall a cause of action arising from improvements to real property accrue more than 10 years after substantial completion of the construction.
The Negative Watch reflects continued delays in reaching substantial completion, which pose the risk of a potential termination event under the concession agreement.
We're just waiting for the certificate of substantial completion to be given to us,' Bautista explained.
It's called certificate of substantial completion. So once that is signed by the independent consultant, that is the document you will need to be able to file the petition," Bautista said.
This is a critical activity of the project and we expect substantial completion after the girders are installed,' Luigi Bautista, president and CEO of CIC, said in a statement.
A temporary certificate of occupancy is expected for the project next week, and substantial completion is expected by the end of the year.
They said that water filling has been started in last week in the reservoir subsequent to the substantial completion of the dam.
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. Close working relationships in a co-located office, key stakeholder consultation and collaborative planning ensured efficient and effective delivery.

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