Common use of SUBSTANTIAL COMPLETION AND FINAL PAYMENT Clause in Contracts

SUBSTANTIAL COMPLETION AND FINAL PAYMENT. 12.6.1 When the Contractor determines that the Work or a designated portion thereof acceptable to the Owner is substantially complete, the Architect and the Owner shall prepare for submission to the Contractor one punch list of items to be completed or corrected on the Project, or designated portion thereof. The punch list shall be the basis for determination of the Date of Final Completion. Any item on such list shall be completed or corrected before the Final Completion Date. The failure to include any items on such punch list does not relieve the responsibility of the Contractor to complete all work in accordance with the Contract Documents. When the Architect, on the basis of an inspection, determines that the Work is substantially complete, he will then prepare a Certificate of Substantial Completion. The Certificate of Substantial Completion shall be submitted to the Owner and the Contractor for their written acceptance. 12.6.2 Upon receipt of written notice that the Work is ready for final inspection and acceptance, the Architect will promptly make such inspection and, when the Architect finds (1) the Work in accordance with and acceptable under the Contract Documents,