Understanding Estimated Completion Date (ECD) The Estimated Completion Date is a forward-looking projection that indicates the anticipated date when a construction project will be fully completed and ready for use or occupancy.
An open-ended contract, as the name suggests, does not have a fixed end date. The parties involved agree to continue their obligations until either party decides to terminate the contract or a mutually agreeable condition is met.
The date of completion is usually set as a certain number of days or weeks from the commencement of works. The time for completion doesn't usually mean the end of all work, but rather the point of substantial completion.
Contract Completion Date is the date, determined by SCC on which the Project is to reach Substantial Completion. The Contract Completion Date will be determined based on the duration for the Project set by the Contract as adjusted by any Contract Modifications that extend or reduce the duration of the Project.
The Intended Completion Date is the date on which it is intended that the Contractor shall complete the Works. The intended Completion Date may be revised only by the Project Manager by issuing an extension of time or an acceleration order.
What does Date for completion/completion date mean? The date set out in the building contract (usually in the contract particulars/contract data) for the completion of the works by the contractor—ie when the works are required to achieve practical completion by.
The date on which something such as a project will be finished, especially a date promised in a formal agreement: estimated/projected/scheduled/target completion date He insisted the target completion date of November this year would not be moved to cut costs.