Common use of Issue of Certificate of Practical Completion Clause in Contracts

Issue of Certificate of Practical Completion. (a) By no later than 20 Business Days from the date the ALT anticipates that Practical Completion will be reached, the ALT must notify the Project Owner of the date when Practical Completion is anticipated to be reached. (b) When the AMT is satisfied that Practical Completion has been achieved, the AMT will deliver the Practical Completion Report to the ALT and the Project Owner, certifying that: (1) the Works have achieved Practical Completion; and (2) the Practical Completion Report complies with the requirements of the Agreement. (c) The ALT will meet as soon as practicable after receipt of the Practical Completion Report in clause 14.2(b) to consider whether Practical Completion has been achieved. As soon as the ALT decides that Practical Completion has been reached, it must notify the Project Owner of the date when Practical Completion was reached. (d) The Project Owner must, if it agrees that Practical Completion has been reached, within 20 Business Days after receiving the notification of Practical Completion from the ALT, issue a certificate of Practical Completion (Certificate of Practical Completion) to the Participants, stating the Date of Practical Completion notified by the ALT.