Common use of Substantial Completion; Final Completion Clause in Contracts

Substantial Completion; Final Completion. As used herein, the term “Substantial Completion” means that all of the following have occurred: (i) the Work shall have been fully completed to Owner’s satisfaction in accordance with the Contract Documents, except for Punch-List Work (as defined in Section 10.1 below); (ii) all required approvals and permits allowing the legal occupancy of the Project or use of the Project and all other certificates, permits and/or licenses of any governmental authority having or claiming to have jurisdiction over the Work or operation of the Project shall have been delivered to Owner; and (iii) all mechanical, utility and other system components of the Project are functioning as required by the Contract Documents. . The date of Substantial Completion of the Work shall be determined as set forth in Article 10. All Punch-List Work shall be completed by Contractor as provided in Article 10.