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Certificate of substantial completion bc template

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The document is a Certificate of Substantial Performance of a construction contract, as per the Construction Lien Act. It certifies that a specified improvement to a property has been substantially completed on a given date. The form includes details about the owner, contractor, and payment certifier, along with information necessary for preserving liens related to the premises.

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What is the difference between a certificate of occupancy and a certificate of substantial completion?

A certificate of substantial completion includes a list of items remaining to be corrected or completed, as well as the timeline allotted for those items. A certificate of occupancy is issued by a local building inspector, and establishes that the building is safe to occupy and utilize.

What is the difference between practical completion and substantial completion?

Substantial Completion occurs when a project is usable or occupiable, even if minor works remain unfinished. Practical Completion, on the other hand, means the project is fully functional for its intended purpose, with only minor defects.

Who determines the substantial completion date?

The certificate of substantial completion will also lay out the responsibilities of the owner and contractor for security, maintenance, heat, utilities, damages, and insurance. Both the owner and contractor will sign and date the certificate to establish the official and legally binding date of substantial completion.

What is the purpose of a 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.

Who typically issues the certificate of substantial completion?

Construction projects that use Contract Documents will often use the 704: Certificate of Substantial Completion. In this case, the projects architect will inspect the jobsite and issue the certificate when the site is ready to use.

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What is the substantial completion clause?

While the statutory definition of substantial completion varies from state to state, most agree that a project is substantially complete when it can be used for its intended purpose. A construction project need not be absolutely complete; however, any remaining work or defects must be relatively minor and unimportant.

What does substantial completion mean in a lease?

The A201-2017 form (titled General Conditions of the Contract for Construction) defines Substantial Completion as the stage in the progress of the Work when the Work or designated portion thereof is sufficiently complete in ance with the Contract Documents so that Owner can

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What is the difference between a certificate of occupancy and a certificate of substantial completion?

What is the difference between practical completion and substantial completion?

Who determines the substantial completion date?

What is the purpose of a certificate of substantial completion?

Who typically issues the certificate of substantial completion?

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What is the substantial completion clause?

What does substantial completion mean in a lease?

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