Final Completion of the Project Sample Clauses

The 'Final Completion of the Project' clause defines the point at which all contractual obligations for a construction or development project are fully satisfied. This typically involves the completion of all punch list items, submission of required documentation, and receipt of final approvals or certifications from relevant authorities. By clearly establishing the criteria and process for final completion, this clause ensures both parties understand when the project is officially finished and when final payments or releases of retainage are due, thereby preventing disputes over outstanding work or obligations.
Final Completion of the Project. If, at Final Completion of the Project, the Final Actual Cost (including reconciliation of allowances) is less than the Target Cost, then the ICL is increased by 50% of the difference. If after reconciliation of allowances the Final Actual Cost exceeds the Target Cost, then the ICL will be reduced, dollar for dollar, by the amount of the difference. If, after this reduction, the amount of ICL that had previously been distributed at Milestones exceeds the reduced ICL, then the Prime Consultant and General Contractor will, within 15 days of Project Final Completion, repay Owner the amount of the overpayment, in proportion to their ICL Percentages.
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Final Completion of the Project. When Construction Manager believes that Final Completion of the entire Project has been achieved, it shall notify Architect and Owner’s Representative in writing and request an inspection for certification of Final Completion of the Project. Construction Manager shall thereafter meet on site with Owner's Representative and Architect to determine whether Final Completion of the Project has in fact been achieved. Construction Manager's request for such inspection shall constitute a representation by Construction Manager to Owner that Construction Manager has made all inspections of the Work as provided in the contract and that, to the best of Construction Manager’s knowledge and belief, all the Work has been completed in strict compliance with the Contract Documents and that the quality of the Work meets or exceeds the requirements of the Contract Documents. If Owner’s Representative and Architect agree that Final Completion of the Project has been achieved, they shall execute a Certificate of Final Completion of the Project. If Owner’s Representative and Architect, upon inspection, conclude that Final Completion has not been achieved and that reinspection will be necessary, Construction Manager shall bear all costs of same.
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Final Completion of the Project. When all Punch-List Items have been completed, ESCO shall issue a Final Completion Letter informing Owner that the applicable Work is ready for inspection and shall provide an invoice for the outstanding balance of the Project Price along with a conditional release of all liens arising out of the Contract. Within thirty (30) days of receiving the Final Completion Letter, Owner shall execute an acknowledgment stating that Final Completion has been Version: January 2024 achieved as of the date set forth therein (the “Project Completion Date”). Notwithstanding anything to the contrary contained herein, if the Owner fails to issue said acknowledgement, or fails to provide in writing a justifiable basis for denying the achievement of Final Completion within said thirty (30) days, then the Project Completion Date shall be the 31st day from the date the Owner received the Final Completion Letter.
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Final Completion of the Project. When all Punch-List Items have been completed, ESCO shall inform Customer that the applicable Work is ready for inspection and shall provide an invoice for the outstanding balance of the Contract Price along with a conditional release of all liens arising out of the Contract. Promptly following Customer’s receipt thereof, the parties shall conduct a final walk-through and, upon confirming at the walk-through that all of the agreed Punch-List Items have been completed, Customer shall execute an acknowledgment stating that Final Completion has been achieved as of the date set forth therein (the “Project Completion Date”).
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Final Completion of the Project. The delivery by the Bills to the ECSC and the County of a written certification from the Architect establishing that the Project is completed and that all Punch List Items and Corrective Work have been fully and completely performed in accordance with the Plans and Specifications.
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Final Completion of the Project. Final Completion of the Project may be achieved hereunder pursuant to Section 6.7.1 below.
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Final Completion of the Project. Final Completion of the Project shall occur when the Architect determines that (1) the entire Project and all of its systems, including access to the Project and any off-site work required by the Contract Documents, are sufficiently complete and cleaned in accordance with the Contract Documents, (2) the required Certificates of Occupancy and other governmental approvals have been obtained, and (3) the Architect issues the Certificate of Final Completion. In order for the Construction Manager to have achieved Final Completion of the Project, the Architect must have determined that the Owner is able to occupy the Project and all of the site and utilize all building systems per the Contract Documents. The Project must also be properly cleaned as set out above (See Section 3.
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Final Completion of the Project. For all purposes of this Agreement, the Date of Project Final Completion is the Date of Section Final Completion as stated in the Section Final Certificate of the last Section to receive such certification under this Agreement.
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Related to Final Completion of the Project

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project 8 Section 3.02 Diligent Completion 8 Section 3.03 Filings and Reports 8

  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.