Effect of Achieving Material Completion Sample Clauses
The 'Effect of Achieving Material Completion' clause defines the legal and practical consequences that occur once a project or a defined portion of work reaches the stage of material completion. Typically, this means that the work is substantially finished and can be used for its intended purpose, even if minor items remain outstanding. Upon achieving material completion, responsibilities such as risk of loss, insurance, and certain payment obligations may shift from the contractor to the owner. This clause ensures a clear transition point in the project, helping to allocate risk and clarify the parties' rights and duties as the project nears completion.
Effect of Achieving Material Completion. Upon the date when Material Completion is actually achieved, the following matters are conclusively determined:
Effect of Achieving Material Completion. Upon the date when Material Completion is achieved, the following matters are conclusively determined: Occupancy of the Work. The Using Agency may immediately occupy the Work without restriction. Warranty Periods. All warranties begin to run from the date Material Completion is achieved.
Effect of Achieving Material Completion. FINAL COMPLETION
Effect of Achieving Material Completion. Effect of Failure to Achieve Material Completion.