Common use of Practical Completion Certificate Clause in Contracts

Practical Completion Certificate. 24.1. If Viterra considers that the Works have been satisfactorily completed by the Contractor and ready for use except for minor omissions and minor defects and that Practical Completion has been achieved, Viterra may: (a) issue a Certificate of Practical Completion to the Contractor which will specify the date of practical completion; or (b) make the final payment owing under clause 23 (exclusive of any retained Security), the date of such payment being deemed the date of practical completion for the purposes of this clause 24, (Practical Completion Date). 24.2. Upon the Practical Completion Date, the Contractor must give possession of the Site and Works to Viterra.