Substantial Work definition
Substantial Work means certain expenditures on the physical structure involved in remodeling and updating, including systems like HVAC, electrical, plumbing and improvements that allow for accessibility, such as doors, ramps, elevators and restrooms.
Substantial Work means a considerable amount of work has been done towards completing the project that received approval. The site work shall have progressed beyond grading and shall involve physically starting the building project. Site work shall involve the expenditure of at least 10% of the total project cost, with the burden of proof on the applicant. This may include obtaining necessary plot plans, surveys, engineering data, easements, deed restrictions, approvals, and permits. Completion of structural foundations and construction shall occur above grade within twelve (12) months of the effective date of the building permit or date of approval of an extension of the building permit. Construction must continue with reasonable progress and no interruption greater than one hundred eighty (180) consecutive days.
Examples of Substantial Work in a sentence
If a Project Element is revoked due to the failure to Commence Substantial Work, then the Financing Entity must reduce the percent of Dedicated Revenue allocated to the flexible Sub-Account as specified in Section 5(A)(1-4) of the Resolution.