Common use of Completion Guarantees Clause in Contracts

Completion Guarantees. Contractor acknowledges and agrees that it is responsible for the achievement of Mechanical Completion and Project Substantial Completion not later than the Guaranteed Mechanical Completion Date and the Guaranteed Project Substantial Completion Date, respectively (the “Guaranteed Completion Dates”). Subject to Section 11.1, Contractor warrants that Final Completion shall be achieved not later than two (2) months after the date of Project Substantial Completion (“Guaranteed Final Completion Date”), except for Punch List Items that, by their nature, cannot be completed because of seasonal weather conditions.

Appears in 2 contracts

Sources: Turnkey Engineering, Procurement and Construction Services Agreement (Otter Tail Corp), Turnkey Engineering, Procurement and Construction Services Agreement (Otter Tail Corp)