Keyword Analysis & Research: substantially complete definition

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What does substantial completion mean?

Substantial completion means the project, or a portion of the project, is fit for its intended use. The owner can then occupy and use the property. The owner must also pay the contractor the last portion of the monies owed for that project or portion of the project. How Do Professionals Determine Substantial Completion?

What is the difference between partial use and substantial completion?

Partial use or occupancy shall not necessarily result in the project being deemed substantially complete and shall not be evidence of substantial completion. The term "substantial completion" shall be construed to mean the date upon which the owner of the structure, project, or facility first entered upon the occupancy or commenced the use thereof.

What does substantially complete mean in a lease?

Substantially Complete as applicable, shall mean when Tenant’s Improvements are sufficiently completed in accordance with the Construction Plans so that Tenant can reasonably use the Premises for the Permitted Use ( as described in Item 11 of the Basic Office Lease Information ).

What does sub-substantially complete mean?

Substantially Complete means all questions in the Request for Pre - Approval or Application for Post -Approval are fully addressed by the Applicant and all documents required by Commerce are attached or can be supplied within 14 calendar days after receipt of notification by Commerce of any deficiencies.

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