Owner Completion Clause Samples
The Owner Completion clause defines the responsibilities and obligations of the project owner regarding the completion of certain tasks or portions of work. Typically, this clause outlines specific milestones or deliverables that the owner must fulfill, such as providing access to the site, supplying materials, or completing preparatory work necessary for the contractor to proceed. By clearly delineating these duties, the clause helps prevent delays and disputes by ensuring that both parties understand their respective roles in the project's timeline.
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Owner Completion. At any time after the scheduled date for Final Acceptance of such Stage, Owner may elect by written notice to complete the remaining Punch List Items that have not been completed as of the date of Owner’s notice. Upon such election, Owner may withhold and use amounts otherwise due to Contractor hereunder to pay for Owner’s reasonably documented costs incurred to complete such remaining Punch List Items, or if such costs exceed amounts remaining to be paid to Contractor hereunder, Contractor shall pay Owner its reasonably documented costs within thirty (30) Days after receipt of an invoice from Owner reasonably documenting the costs incurred by Owner to complete such Punch List Items.