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For purposes of this Lease, "Substantial Completion" of the Improvements in the Premises shall occur upon the completion of construction of the Improvements in the Premises pursuant to the Approved Working Drawings, with the exception of any punch list items and any tenant fixtures, work-stations, built-in furniture, ...
If the project owner opts to issue a certificate of substantial completion or the contractor requests one, it is the responsibility of the architect on the project to inspect the site and issue the certificate. Once the certificate terms are agreed upon, the architect, contractor, and owner sign the certificate.
The date of substantial completion of the work is the date certified by the Owner when construction is sufficiently complete, in ance with the contract documents, so the Owner can occupy or utilize the work for which it is intended, as expressed by the contract documents.
If the architect finds that the work is substantially complete, the form is prepared for acceptance by the contractor and the owner, and the list of items to be completed or corrected is attached.
Share: Substantial completion marks the moment in a construction project when the owner can occupy or use the property for its intended purpose ? even though some punch list items may remain.