COMMENCEMENT OF STATUTORY LIMITATION PERIOD. As between Owner and Contractor, any applicable statute of limitations shall commence to run and any alleged cause of action shall be deemed to have accrued: .1 not later than the date of Substantial Completion for acts or failures to act occurring prior to the relevant date of Substantial Completion; .2 not later than the date of issuance of the final Certificate for Payment for acts or failures to act occurring subsequent to the relevant date of Substantial Completion and prior to the issuance of the final Certificate for Payment; and .3 not later than the date of the relevant act or failure to act by the Contractor for acts or failures to act occurring after the date of the final Certificate for Payment.
Appears in 2 contracts
Samples: Standard Form of Agreement Between Owner and Contractor, Abbreviated Standard Form of Agreement Between Owner and Contractor for Construction Projects of Limited Scope
COMMENCEMENT OF STATUTORY LIMITATION PERIOD. As between Owner Owner/Agent and Contractor, any applicable statute of limitations shall commence to run and any alleged cause of action shall be deemed to have accrued: .1 :
a. not later than the date of Substantial Completion for acts or failures to act occurring prior to the relevant date of Substantial Completion; .2 ;
b. not later than the date of issuance of the final Certificate for Payment for acts or failures fail- ures to act occurring subsequent to the relevant date of Substantial Completion and prior to the issuance of the final Certificate for Payment; and .3 and
c. not later than the date of the relevant act or failure to act by the Contractor for acts or failures to act occurring after the date of the final Certificate for Payment.
Appears in 1 contract
Samples: Standard Construction Agreement
COMMENCEMENT OF STATUTORY LIMITATION PERIOD. As between Owner and Contractor, any applicable statute of limitations shall commence to run and any alleged cause of action shall be deemed to have accrued: :
.1 not later than the date of Substantial Completion for acts or failures to act occurring prior to the relevant date of Substantial Completion; ;
.2 not later than the date of issuance of the final Certificate for Payment for acts or failures to act occurring subsequent to the relevant date of Substantial Completion and prior to the issuance of the final Certificate for Payment; and and
.3 not later than the date of the relevant act or failure to act by the Contractor for acts or failures to act occurring after the date of the final Certificate for Payment.
Appears in 1 contract
Samples: Construction Contract (Omtool LTD)
