Construction In Completion

State:
Multi-State
Control #:
US-01677-AZ
Format:
Word; 
Rich Text
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Description

The Construction in Completion form, also known as the Certificate of Completion, is a vital document for finalizing construction projects. This form captures essential details such as the date of inspection, date of final acceptance, and relevant information about the owner and contractor. Users can document any discrepancies observed during inspection, allowing the owner to specify any shortcomings in the work completed compared to the agreed terms. Once discrepancies are addressed, the owner can initial the corrections for clarity. This form serves multiple purposes, offering an official record of acceptance once the work is deemed satisfactory. It is particularly beneficial for attorneys, partners, and owners involved in construction projects, as it ensures that all contractual obligations are fulfilled before the final approval. Paralegals and legal assistants can utilize this form to facilitate smoother communication between parties, ensuring all aspects are documented correctly. The simplicity of the form enables users without extensive legal experience to easily fill out and understand its fields, promoting transparency and accountability in construction agreements.

How to fill out Certification Of Completion By Contractor?

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FAQ

Generally, WIP reports should include: The total current value of the contract. The amount of revenue received to date. The total original estimated costs. The amount billed to date. Revised estimated costs. Percentage completion of the project. The total costs to date. Whether a project is currently over or underbilled.

How to Calculate? Percentage of Work Completed = Actual Costs till Date / Total Estimated Costs. Earned Revenue till Date = Percentage of Work Completed * Total Estimated Revenue. Over/Under Billed Revenue = Total Billings on Contract ? Earned Revenue till Date.

Related Definitions Construction Completion means completion of construction with all support facilities for smooth functioning of the Project and Project Facilities.

It provides written documentation of the planned and actual budget, the baseline and actual schedule, and documents recommendations for other projects of similar size and scope. Be certain to identify in the report the project successes, problems on the project, and new ideas that were successful on the project.

Construction completion report means the report submitted by the engineer responsible for the oversight of construction including: as built drawings and documentation of all aspects of facility construction; an opinion from the engineer, based on testing results and inspections, as to whether the Cleanup Action or ...

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Construction In Completion