Completing Construction Clause Samples
The Completing Construction clause sets out the obligations and requirements for finishing a construction project according to the contract. It typically details the standards for completion, the process for inspection or certification of the finished work, and any documentation that must be provided upon completion, such as warranties or as-built drawings. This clause ensures that both parties are clear on what constitutes completion, helping to prevent disputes and facilitating a smooth transition to project handover.
Completing Construction. Construction of the Project shall commence not later than the Construction Commencement Date. Except as otherwise authorized in writing by the Lender, Borrower shall not become a party to any contract, including the General Contractor’s construction contract, for the performance of any work on the Project or for the supplying of any labor, materials or services for the construction of the Improvements that varies in cost from that set forth in the Budget, except upon such terms and with such parties as shall be approved in writing by Lender. Borrower agrees to furnish Lender, upon request therefor, the names of contractors, subcontractors, materialmen and suppliers at any time having any contract, or performing any work, or furnishing any material in connection with the development and construction and shall also furnish Lender upon request copies of all applicable contracts. No approval by Lender of any contract or change order shall make Lender responsible for the adequacy, form or content of such contract or change order. Borrower shall expeditiously complete and fully pay for the development and construction of the Project in a good and workmanlike manner and in accordance with the contracts, subcontracts and Plans submitted to and approved by Lender, and in compliance with all applicable Governmental Requirements, and any covenants, conditions, restrictions and reservations applicable thereto, so that Completion of the Improvements occurs on or before the Completion Date. Borrower assumes full responsibility for the compliance of the Plans and the Project with all Governmental Requirements and with sound building and engineering practices, and, notwithstanding any approvals by Lender, Lender shall have no obligation or responsibility whatsoever for the Plans or any other matter incident to the Project or the construction of the Improvements. Borrower shall correct or cause to be corrected (a) any defect in the Improvements, (b) any departure in the construction of the Improvements from the Plans or Governmental Requirements, and (c) any encroachment by any part of the Improvements or any other structure located on the Land on any building line, easement, property line or restricted area. Borrower shall cause all roads necessary for the utilization of the Project for its intended purposes to be completed and dedicated (if dedication thereof is required by any governmental authority), the bearing capacity of the soil on the Land to be made sufficient to...
Completing Construction. Builder shall complete construction within working days from the start of construction. "Working day" means Monday through Friday except national and state holidays. If the progress of the work is delayed by changes or acts of Buyer or Buyer's agent, government acts, inclement weather, flood, earthquake, picketing, boycotts, shortages of materials, or other causes beyond the reasonable control of Builder, the time for performance of the work shall be extended as necessary.
Completing Construction. You must ensure that the construction is completed and give us all of the documents referred to in clause 14.6 within 24 months of the settlement date. If you think you will need us to agree to an extension, you should contact us as soon as possible so we can consider your request before the relevant date.
Completing Construction. Borrower shall expeditiously complete and fully pay for the development and construction of the Improvements in a good and workmanlike manner and substantially in accordance with the contracts, subcontracts, and material supply contracts and Plans submitted to and approved by Lender, and in compliance with all applicable laws, including any covenants, conditions, restrictions and reservations applicable thereto, so that completion of the Improvements occurs on or before the Completion Date. Borrower assumes full responsibility for the compliance of the Plans and the Projects with all applicable laws and with sound building and engineering practices, and, notwithstanding any review or approval by the Lender, the Lender shall not have obligation or responsibility whatsoever for the Plans or any other matter incident to the Projects or the construction of the Improvements. Borrower shall immediately correct or cause to be corrected (i) any defect in the Improvements, (ii) any material departure in the construction of the Improvements from the Plans or applicable laws, and (iii) any encroachment by any part of the Projects or any other structure located on the Mortgaged Property on any building line, easement, property line or restricted area.
Completing Construction. In considering the special requirements for construction necessitated by the Industry of Party B, Party B may substantially complete the construction of the Project at the Land within [ * * * ] following commencing construction, subject to the provisions of Chapter 6 concerning force majeure, and subject to Party B’s right to an equitable extension of time in the event Party A contributes to a delay.
Completing Construction. You must ensure that the construction is completed and give us all of the documents referred to in clause 14.6 within 24 months of the settlement date.