Examples of Project stage in a sentence
The PMT will issue a certificate of beneficial occupancy describing those portions of the Project Stage deemed fit for legal occupancy by the Governmental Authorities and establishing the date for when the risk of damage to the Work in that area is transferred to the Owner.
Correction of all Stage Punch List items to the PMT's satisfaction is a condition precedent to Final Completion of the Project Stage.
If the Project or Project Stage (as applicable) has not achieved Substantial Completion, the PMT will provide the General Contractor with a list of items that must be completed, repaired or replaced ("Punch List") before Substantial Completion and the General Contractor, after the General Contractor and/or the subcontractors have completed those items, will notify the PMT that the Project or the Project Stage is ready for re-inspection.
When the General Contractor believes that the Project or a Project Stage has completed Substantial Completion, it will notify the PMT who will review the entire Project or the Work performed in the Project Stage, as applicable.
For each Project Stage, Exhibit G lists the Milestones and the percentage of a Risk/Reward Team member’s ICL that is payable, subject to payment pre-conditions, at each Milestone.
For example, Work may be in the Construction Phase for one Project Stage while in the Design/Preconstruction Phase of a different Project Stage.
The PMT will prepare a Staging Schedule for approval by the SMT that, at a minimum, specifies the dates of construction commencement, Substantial Performance, and Final Completion for each Project Stage.
Upon 3 Business Days' written notice to the PMT, and provided that the Governmental Authorities having jurisdiction over the Project have deemed the Project Stage fit for legal use and occupancy, the Owner may occupy or otherwise make use of all or any part of that Project Stage's space or equipment before Substantial Completion of the entire Project.
If the applicable Government Authority approves occupancy of the Project, or partial occupancy for the Project Stage per Section 7.4.1, and the PMT finds that Substantial Completion has been achieved, the PMT will issue a certificate of Substantial Completion.
Before the Owner uses and occupies a Project Stage, the PMT will review all Work contained within the Project Stage and prepare a list of items that need to be completed, repaired or replaced ("Stage Punch List").