WebThe terms “substantial completion” and “final completion” have become so common in the industry that it’s easy to assume all parties—owner, architect, engineers, and contractor—understand the inherent contractual risks and obligations associated with each. Theoretically, we all know the definition of substantial completion is the stage when … WebSubstantial definition, of ample or considerable amount, quantity, size, etc.: a substantial sum of money. See more.
57 Synonyms & Antonyms of SUBSTANTIALLY - Merriam Webster
WebMar 12, 2024 · Substantial completion is a legal term used to define when a construction project is sufficiently done, and the owner can occupy the building for its intended use. The owner is responsible for the project rather than the contractor. The owner must pay the contractor the remaining balance for the project. The owner can occupy and use the … WebRelated to 138 Substantial Completion. Contract means the agreement that results from the acceptance of a bid by an organ of state;. Agreement has the meaning set forth in the preamble.. Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in … ordinary miracles the photo league s new york
What is Substantial Completion and Why is it Important?
WebDefine Substantial Completion. means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which … WebJun 22, 2024 · Reaching substantial completion on a construction project is an exciting time. The owner can use the property. The contractor can collect payment and retained … WebJul 12, 2024 · The relevant ("legal contexts") entry in the full OED first defines material as Of evidence or a fact: significant or influential, esp. in having affected a person's decision-making.Which is presumably the normal sense in British "legal jargon", because they continue with (U.S. Law) - having a logical connection with the facts at issue. That … how to turn off defender smartscreen