Guaranteed Substantial Completion Sample Clauses
The Guaranteed Substantial Completion clause sets a firm deadline by which the contractor must achieve substantial completion of the project. This means the work must be finished to a point where the owner can use or occupy the facility for its intended purpose, even if minor items remain to be completed or corrected. Typically, this clause outlines the specific date or time frame for substantial completion and may include provisions for penalties or liquidated damages if the deadline is missed. Its core function is to ensure timely project delivery and provide the owner with certainty regarding when the project will be operational, thereby managing schedule risk and incentivizing the contractor to meet critical milestones.
Guaranteed Substantial Completion. Design-Builder guarantees that it will achieve Substantial Completion on or before 387 calendar days after the Notice to Proceed.
Guaranteed Substantial Completion. Design-Builder guarantees that it will achieve Substantial Completion on or before 30 June 2019.
Guaranteed Substantial Completion. Design-Builder guarantees that it will achieve Substantial Completion June 30, 2019, or at a date to be determined after future legislative funding approval and authorization to proceed for work associated with that funding.