Substantial Completion definition
Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:
Substantial Completion means the stage in the progress of the Work when the Work, or designated portions thereof, may still require minor modifications or adjustments but, in the Owner’s opinion, the Work has progressed to the point such that all parts of the Work under consideration are fully operational and usable for intended purposes, as evidenced by a Certificate of Substantial Completion approved by the Owner. If a Certificate of Occupancy is required by public authorities having jurisdiction over the Work, said certificate shall be issued before the Work or any portion thereof is considered substantially complete. When the Contractor considers that the Work, or a portion thereof which the Owner agrees to accept separately, is substantially complete, the Contractor shall notify Owner’s Designated Representative (sometimes referred to as the “ODR”) and request a determination as to whether the Work or designated portion thereof is substantially complete. If the ODR does not consider the Work substantially complete, the ODR will notify the Contractor giving reasons therefore. Failure on the Owner’s part to list a reason does not alter the responsibility of the Contractor to complete all Work in accordance with the terms of this Agreement. After satisfactorily completing items identified by Owner’s Designated Representative, the Contractor shall then submit another request for the ODR to determine Substantial Completion. If The ODR considers the Work substantially complete, The ODR will prepare and deliver a certificate of Substantial Completion which shall establish the date of Substantial Completion, shall include a punch list of items to be completed or corrected before final completion and final payment, shall establish the time within which the Contractor shall finish the punch list, and shall establish responsibilities of the Owner and the Contractor for security, maintenance, heat, utilities, damage to the Work, warranty and insurance. Failure to include an item on the punch list does not alter the responsibility of the Contractor to complete all Work in accordance with the terms and conditions of this Agreement. The certificate of Substantial Completion shall be signed by the Owner and the Contractor to evidence acceptance of the responsibilities assigned to them in such certificate.
Substantial Completion means the completion of the Work by the Contractor to the point where the County may make beneficial use of the Work.
Examples of Substantial Completion in a sentence
If the determination confirms that Substantial Completion was achieved and a Certificate of Occupancy was issued as of or prior to the date of Lessee's delivery of the Completion Notice, the Base Rent Commencement Date shall be the date of such delivery and all obligations triggered thereby shall apply retroactively.
If Lessor disputes that Substantial Completion has been achieved or that a Certificate of Occupancy has been issued, Lessor shall deliver to Lessee a written objection specifying in reasonable detail the factual basis therefor within ten (10) Business Days after receipt of the Completion Notice; failing which, Lessor shall be deemed to have accepted the Completion Notice and the Base Rent Commencement Date established thereby.
Article XVIII shall continue in full force and effect during the Transition Period with respect to all punch-list items, Closing Deliverables, close-out activities, and any other construction work remaining after Substantial Completion (collectively, "Remaining Construction Work").
More Definitions of Substantial Completion
Substantial Completion means the date determined and certified by Contractor, A/E, and Owner when the Work, or a designated portion thereof, is sufficiently complete, in accordance with the Contract, so as to be operational and fit for the use intended.
Substantial Completion means that stage in the progress of the Work when the construction is sufficiently complete, as more fully set forth in Section 6.07.
Substantial Completion means the written determination by the Commissioner that all required construction work for the Project is substantially complete.
Substantial Completion shall occur upon the completion of construction of the Tenant Improvements in the Building pursuant to the plans and drawings which are prepared pursuant to the terms of the Tenant Work Letter. The completion of the construction with respect to any such Tenant Improvements shall not be deemed to have occurred unless and until (i) Landlord has delivered the portion of the Premises covered by such Tenant Improvements to Tenant in broom-clean condition subject only to punch list items and any tenant fixtures, workstations or equipment to be installed by Tenant in the Premises pursuant to the terms of the Tenant Work Letter (the "TENANT WORK") (i.e., the completion of punchlist items and Tenant Work shall not affect Substantial Completion), (ii) a temporary certificate of occupancy or its equivalent permitting occupancy of such portion of the Premises improved with such Tenant Improvements has been issued by the City of San Diego or other applicable governmental agency, (iii) all essential building systems to be installed by Landlord (including, PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems] but not limited to, electrical, plumbing, heat, air conditioning systems, and their distribution into such portions of the Premises) are operational to the extent reasonably necessary to service the portion of the Premises covered by such Tenant Improvements, and (iv) Tenant has been provided with the parking to which it is entitled under this Lease . If a temporary certificate of occupancy or its equivalent is issued by the City of San Diego, Landlord shall use commercially reasonable efforts to obtain a permanent certificate of occupancy within three (3) months after the Lease Commencement Date (except to the extent the receipt of such permanent certificate is delayed as a result of the Tenant Work or any actions of Tenant, its agents, employees or contractors). At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in EXHIBIT "C" attached hereto, which notice (so long as it contains accurate information) Tenant shall execute and return to Landlord within ten (10) days of receipt thereof. If Tenant contends that such notice contains inaccurate information, Tenant shall modify such notice as appropriate and return such notice to Landlord within said ten (10) day period.
Substantial Completion means the stage in the progress of the Work when the Work or designated portion thereof is sufficiently complete in accordance with the Contract Documents so the University can occupy or utilize the Work for its intended use. Substantial Completion shall only be determined as described in the Contract Documents.
Substantial Completion means that stage in the progress of the Work where Owner has full and unrestricted use and benefit of the facilities for the purposes intended, as more fully set forth in section 6.07.
Substantial Completion including variations thereof such as “Substantially Complete” and “Substantially Completed” shall mean: (i) the Company and the Contractor have issued a certificate of substantial completion in form and substance satisfactory to Buyer certifying that the Hotel has been constructed substantially in accordance with the Plans and Specifications and the Legal Requirements, (ii) a certificate of occupancy authorizing the opening of the Hotel for business to the public and for operation under the Brand has been issued by the local governing authority and is in full force and effect, (iii) all other final and unconditional consents, approvals, licenses and operating permits necessary or appropriate for the Hotel to open for business to the public and to operate under the Brand have been issued by and obtained from all applicable governmental and regulatory authorities, subject to Punch List Items; (iv) the Hotel is fully furnished, fitted and equipped and ready to open for business to the public and operate under the Brand, subject to Punch List Items; (iii) all contractors, subcontractors, suppliers, mechanics, materialmen and other persons or entities providing labor or materials for the construction and development of the Hotel shall have been paid (or adequate provision for payment of such persons or entities, which is not required to be an actual escrow of funds, has been made to Buyer’s reasonable satisfaction), subject to Punch List Items and (iv) the Franchisor has approved the completion, furnishing and equipping of the Hotel and is prepared to commence (or authorize the commencement of) operation of the Hotel, and all of the other conditions set forth in the Management Agreement and the Franchise Agreement have been satisfied, subject to Punch List Items.