Practical Completion means the completion of the Project where the building is fit for occupancy and/or purpose.
Practical Completion means that stage in the execution of a Named Project when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the AHP Dwellings comprised within the Named Project are fit for beneficial occupation as a residential development in accordance with applicable NHBC or equivalent requirements current at the date of inspection subject only to the existence of minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without materially interfering with the beneficial use and enjoyment of the Named Project and which would be reasonable to include in a snagging list, and Practically Complete shall be construed accordingly; Process has the meaning ascribed to it in the DPA; Procurement Law means (as the case may be):
Practical Completion means the stage whether Building Works have been certified by the Developer that the Building Works have been completed in accordance with this contract, except for minor omissions, and the Developer has done all that is required to be done to obtain a certificate of occupancy for the Building. Resale Deed means the draft deed between the Development Manager and the Buyer provided for in clause 16 and in the form incorporated in Schedule 4, as amended from time to time. Sale Contract means the first grant contract land not ready dated on the date of this contract between the SLA as seller and the Buyer as buyer. Schedule of Furniture, Upgrades and Inclusions means the schedule set out at Schedule 2 setting out the list of Inclusions, Upgrades and Furniture to be included in the Building. Site means the land identified in Item 2 of Schedule 1.
Examples of Practical Completion in a sentence
The Owner will at all times prior to the issuing or deemed issue of any Certificate of Practical Completion referred to in Clauses 8.1.1 to 8.1.4 upon reasonable notice permit the District Council's officers servants and agents to enter on to any necessary part of the Site and the Facilities or any of it and will afford them access to do so for the purpose of inspecting the laying out of the Facilities.
I2 Delay The Contractor may make a claim for an adjustment to the date for Practical Completion but not for costs caused by disruptive weather conditions.
Defects Liability Period: the defects liability period or rectification period for the making good of defects, shrinkages or other faults in the Works under the Building Contract being a period of not less than 12 months from the issue of the Certificate of Practical Completion.
When the Contract Supervisor issues a notice of Practical Completion the Contractor is entitled to the release of 50% of the value of the security then held.
More Definitions of Practical Completion
Practical Completion is as defined in 5.3.1.
Practical Completion means practical completion of all of the specified work notwithstanding that items which would ordinarily be considered snagging items remain outstanding, and the expression “practically complete” and “practically completed” shall be construed accordingly;
Practical Completion means that stage in the execution of a Named Project when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the AHP Dwellings comprised within the Named Project are fit for beneficial occupation as a residential development in
Practical Completion means that stage in the execution of a Capital Firm Scheme when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the SHAP Dwellings comprised within the Capital Firm Scheme are fit for beneficial occupation as a residential dwelling in accordance with applicable NHBC, LABC or equivalent requirements current at the date of inspection subject only to the existence of minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without materially interfering with the beneficial use and enjoyment of the Capital Firm Scheme and which would be reasonable to include in a snagging list, and Practically Complete shall be construed accordingly;
Practical Completion means the stage when the Works have been completed in accordance with the Contract and all relevant statutory requirements either without any omissions or defects or apart from minor omissions or minor defects;
Practical Completion means the date upon which the Works are completed in accordance with the requirements of this Contract, including Condition 3 and Condition 28, apart from minor omissions or minor defects.
Practical Completion means that the whole or portion of the Works has reached a state of readiness, fit for the intended purpose, and occupation without danger or undue inconvenience to the Employer, although some work may be outstanding;