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To help ensure that all certificates are using the latest security standards and in fact controlled by the current certificate owner, we expire them. New certificates are issued using the latest security standards, processes and a re-confirmation of domain control and organization identity.
The purpose of a final certificate is to bring an end to all outstanding matters between the principal and the contractor, once the works are complete and all known defects have been rectified.
Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.
A Final Certificate is issued after the making good of any defects and the agreement of the final contract sum. It closes the door on any further disputes as to performance between the parties, other than in respect of latent defects which subsequently appear.
Final Completion means that the Work is fully and finally completed in accordance with the Contract Documents.
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Retention money is the amount of money deducted in the progress claim and keep by the employer. This is to safeguard the employer from any non-conformance of work by the contractor. Usually in construction contracts,10% of the progress claim is deducted as retention money.
In standard form building contracts, a Final Certificate is issued by the contract administrator to certify that the contract has been completed fully.
The final certificate is certification by the contract administrator that a construction contract has been fully completed. It is issued at the end of the defects liability period and has the effect of releasing all remaining money due to the contractor, including any remaining retention.
A Final Certificate is issued after the making good of any defects and the agreement of the final contract sum. It closes the door on any further disputes as to performance between the parties, other than in respect of latent defects which subsequently appear.
\u201cPractical completion\u201d means when the building works are complete except for minor omissions and defects that do not prevent the building works from being reasonably capable of being used for their usual purpose.

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