Common use of Modification Dates Of Substantial Completion Or Final Completion Clause in Contracts

Modification Dates Of Substantial Completion Or Final Completion. The DB may propose modifications to the required dates of Substantial Completion or Final Completion. The Owner may, but is not required to, accept the DB’s proposal. Modification(s) of the required dates of Substantial Completion or Final Completion shall be accomplished only by duly authorized and accepted change order(s) stating the new date(s) with specificity and reciting that all references in this Contract to the required dates of Substantial Completion or Final Completion shall thereafter refer to the date(s) as modified, and all rights and obligations, including the DB’s liability for actual damages, delay damages and liquidated damages, shall be determined in relation to the date(s) as modified.