Substantial completion - Revision history

Designing Buildings at 07:53, 19 November 2020

2020-11-19T07:53:07Z

← Older revision		Revision as of 07:53, 19 November 2020
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	* Substantially occupied.		* Substantially occupied.

−	[[Category:International]] [[Category:Construction_management]] [[Category:Contracts_/_payment]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:International]] [[Category:Construction_management]] [[Category:Contracts_/_payment]]

Designing Buildings at 17:10, 1 February 2020

2020-02-01T17:10:29Z

← Older revision		Revision as of 17:10, 1 February 2020
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	NB: The UK equivalent is known as ‘practical completion’.		NB: The UK equivalent is known as ‘practical completion’.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Completion.		* Completion.
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	* Retainage.		* Retainage.
	* Retention.		* Retention.
		+	* Substantially occupied.

	[[Category:International]] [[Category:Construction_management]] [[Category:Contracts_/_payment]]		[[Category:International]] [[Category:Construction_management]] [[Category:Contracts_/_payment]]

Editor at 12:27, 26 July 2018

2018-07-26T12:27:30Z

← Older revision		Revision as of 12:27, 26 July 2018
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	Substantial completion is an important milestone as it can trigger the release of payment sums (less retainage funds which are withheld until final completion), the commencement of warranty periods, the commencement of statutory limitation periods, the beginning of the owner’s responsibility for insurance, utilities, etc., and so on.		Substantial completion is an important milestone as it can trigger the release of payment sums (less retainage funds which are withheld until final completion), the commencement of warranty periods, the commencement of statutory limitation periods, the beginning of the owner’s responsibility for insurance, utilities, etc., and so on.

−	NB The UK equivalent is known as ‘practical completion’.	+	NB: The UK equivalent is known as ‘practical completion’.

	= Find out more =		= Find out more =
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	* Early use.		* Early use.
	* Handover to client.		* Handover to client.
		+	* Mechanic’s lien.
	* Practical completion.		* Practical completion.
	* Punch list.		* Punch list.

Designing Buildings at 08:42, 26 July 2018

2018-07-26T08:42:30Z

← Older revision		Revision as of 08:42, 26 July 2018
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−	The term ‘substantial completion’ is often used in American construction contracts ~~and affects~~ the ~~rights and responsibilities~~ of ~~the owner and contractor. Due to~~ its ~~ambiguity~~, and the fact that it is often not expressly defined in contract documents, it can lead to disputes.	+	The term ‘substantial completion’ is often used in American construction contracts, however, because of the ambiguity of its meaning, and the fact that it is often not expressly defined in contract documents, it can lead to disputes.
−		+
−	~~The UK equivalent is known as ‘practical completion’~~.	+

	A general definition has been established by the American Institute of Architects (AIA):		A general definition has been established by the American Institute of Architects (AIA):
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	'[The] state in the progress of Work when the Work or designated portion thereof is sufficiently complete in accordance with the Contract Documents so the Owner can occupy or utilize the Work for its intended use.'		'[The] state in the progress of Work when the Work or designated portion thereof is sufficiently complete in accordance with the Contract Documents so the Owner can occupy or utilize the Work for its intended use.'

−	There are several states that have followed this general definition, but others have left it to the individual contract documents to define, as the condition of being fit for occupancy and for its intended purpose may be difficult to ~~apply to~~ every situation ~~and project~~. ~~Therefore~~, it ~~is useful~~ for the parties to the contract ~~to establish~~ what ~~shall qualify~~ as being substantially complete.	+	There are several states that have followed this general definition, but others have left it to the individual contract documents to define, as the condition of being fit for occupancy and for its intended purpose may be difficult to standardise for every situation. As a result, it may be necessary for the parties to define within the contract itself what qualifies as being substantially complete.
		+
		+	Substantial completion is an important milestone as it can trigger the release of payment sums (less retainage funds which are withheld until final completion), the commencement of warranty periods, the commencement of statutory limitation periods, the beginning of the owner’s responsibility for insurance, utilities, etc., and so on.

−	~~Substantial completion~~ is ~~an important milestone~~ as it can trigger the release of certain payment sums (less retainage funds which are withheld until final completion), the commencement of warranty periods or statutory claim limitation periods, the start of the owner’s responsibility for insurance, utilities, etc., and so on.	+	NB The UK equivalent is known as ‘practical completion’.

	= Find out more =		= Find out more =

Editor: Created page with "The term ‘substantial completion’ is often used in American construction contracts and affects the rights and responsibilities of the owner and contractor. Due to its ambigui..."

2018-07-23T16:56:57Z

Created page with "The term ‘substantial completion’ is often used in American construction contracts and affects the rights and responsibilities of the owner and contractor. Due to its ambigui..."

New page

The term ‘substantial completion’ is often used in American construction contracts and affects the rights and responsibilities of the owner and contractor. Due to its ambiguity, and the fact that it is often not expressly defined in contract documents, it can lead to disputes.

The UK equivalent is known as ‘practical completion’.

A general definition has been established by the American Institute of Architects (AIA):

'[The] state in the progress of Work when the Work or designated portion thereof is sufficiently complete in accordance with the Contract Documents so the Owner can occupy or utilize the Work for its intended use.'

There are several states that have followed this general definition, but others have left it to the individual contract documents to define, as the condition of being fit for occupancy and for its intended purpose may be difficult to apply to every situation and project. Therefore, it is useful for the parties to the contract to establish what shall qualify as being substantially complete.

Substantial completion is an important milestone as it can trigger the release of certain payment sums (less retainage funds which are withheld until final completion), the commencement of warranty periods or statutory claim limitation periods, the start of the owner’s responsibility for insurance, utilities, etc., and so on.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Completion.
* Defects liability period.
* Difference between practical completion and partial possession.
* Early use.
* Handover to client.
* Practical completion.
* Punch list.
* Retainage.
* Retention.

[[Category:International]] [[Category:Construction_management]] [[Category:Contracts_/_payment]]