Practical Completion (7 Marks) Flashcards
What is Practical Completion?
- When the contract works are complete expect for minor omissions and minor defeats.
- Falls at the end of contract period.
What happens immediately before Practical Completion?
Time to complete the contract works. Early occupation may occur.
What happens during Practical Completion?
Architect to inspect differing contract definitions.
Ownership changes.
What happens after the project?
Practical Completion starts Defeats Liability Period.
CPU and other code compliances can only be granted following practical completion.
Practical Completion’s effect on the contract?
Ownership changes, especially for sale of apartments. Money flows.
Discharge Contractor’s Bond, refer contract rules/ obligations.
Practical Completion relevant information?
Practical Completion cannot be issued “Subject to” or “condition on” completion of items. A list of minor omissions/defeats and deferred works may be attached.