Examples of Final Completion Date in a sentence
Further, when Owner reasonably believes (a) that Architect’s Substantial Completion will be inexcusably delayed; or (b) that Contractor will fail to achieve Final Completion by the Final Completion Date, Owner shall be entitled, but not required, to withhold from any amounts otherwise due Contractor the daily amount specified for liquidated damages in this Article 11 for each day of the anticipated unexcused delay.
To the extent that the Guaranteed Final Completion date occurs on a day that is a Saturday, Sunday or a holiday on which banks in the Commonwealth are not open for business, then the Guaranteed Final Completion Date will be deemed to occur on the next Business Day thereafter.
The Contractor shall keep and preserve all such records for a period of at least three years after the Final Completion Date (or earlier termination of this Agreement) or such longer period as may be required by Applicable Law or is necessary in connection with any tax audit or establishing any item on a future tax return.
If the exposed Construction Work does not meet the requirements of this Agreement, the costs of uncovering and replacing such Construction Work shall be borne by the Contractor and the Guaranteed Final Completion Date will not be extended.
The format of the Construction Progress Schedule will have dependencies indicated on a monthly grid identifying milestone dates such as construction start, phase construction, structural top out, dry-in, rough-in completion, metal stud and drywall completion, equipment installation, systems operational, inspections for Material Completion and Occupancy Date, and Final Completion Date.