Examples of Certificate of Substantial Completion in a sentence
The ODR will certify the date of service commencement in the Certificate of Substantial Completion.
SUBSTANTIAL COMPLETION – The Work, as evidenced by the Certificate of Substantial Completion, is fully complete or substantially complete so that the value of the Work remaining to be done is, in the estimate of the Owner, less than one percent of the original contract price, or the Contractor substantially completes the work and the Owner takes possession for occupancy, whichever occurs first.
If Substantial Completion occurs by phase, then the warranty period for that particular Work begins on the date of such occurrence, or as otherwise stipulated on the Certificate of Substantial Completion for the particular Work.
The amount of each payment shall be determined by dividing 95% of the fee for the Construction Administration Phase, as stipulated in Attachment A, by the number of months between the Notice to Proceed and the scheduled issuance of the Certificate of Substantial Completion, as indicated in the Project Schedule approved by the Owner.
Unless otherwise specified, or otherwise agreed in writing by the parties as documented on the Certificate of Substantial Completion, the Contractor shall complete and/or correct all Work within thirty (30) days of the Substantial Completion date.