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FAR 2.101 defines a preaward survey as an evaluation of a prospective contractors capability to perform a proposed contract. The purpose of a preaward survey is to obtain information not available to the contracting officer to make a responsibility determination prior to contract award.
What is a G704 in construction?
Document G7042017 is a standard form for recording the date of substantial completion of the work or a designated portion thereof. The contractor prepares a list of items to be completed or corrected following substantial completion, and the architect verifies and amends this list.
Who provides the certificate of substantial completion?
A G704 is a Certificate of Substantial Completion issued by an architect after the Department of Buildings issues a Certificate of Temporary Occupancy.
What is the purpose of the certificate of substantial completion?
When a certificate of substantial completion is issued and signed, it marks the point when the building, property, or final product can be used as intended, but minor work still remains. It serves as an official stamp indicating when the project is mostlyor substantiallycompleted.
What is the purpose of a consent of surety?
The consent of Surety to Final Payment is effectively the final seal of approval, indicating that the project has been executed satisfactorily and is now ready for its intended use.
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Usually, a construction punch list is created before the project is completed. Specifically, companies will start a punch list when the construction project reaches substantial completion. Substantial completion is a legal term used within the construction industry.
What does substantial completion mean?
Certificates are typically issued by a contractor to the project owner. At this point, the project owner, architect, or engineer will inspect the work and approve the work as satisfactory. Once approved, a few critical steps are set in motion. For example, a timeline for all remaining work will commence.
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CERTIFICATE OF SUBSTANTIAL COMPLETION
The work performed under this contract has been reviewed and found to be substantially complete. The date of substantial completion of the project is the date
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