Practical Completion definition

Practical Completion means the completion of the Project where the building is fit for occupancy and/or purpose.
Practical Completion means the date upon which the Works are completed in accordance with the requirements of this Contract, including Condition 3 and Condition 28, apart from minor omissions or minor defects that will not unreasonably affect occupation.
Practical Completion means that stage in the execution of a Named Project when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the AHP Dwellings comprised within the Named Project are fit for beneficial occupation as a residential development in accordance with applicable NHBC or equivalent requirements current at the date of inspection subject only to the existence of minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without materially interfering with the beneficial use and enjoyment of the Named Project and which would be reasonable to include in a snagging list, and Practically Complete shall be construed accordingly; Process has the meaning ascribed to it in the DPA; Procurement Law means (as the case may be):

Examples of Practical Completion in a sentence

  • In the event the Agreed Scheme for a Development Site includes Commercial Units and at Practical Completion of the Building Works for such Development Site there are Vacant Units, the Developer will provide a rent guarantee for the amount of the Void Payment for all such Vacant Units for the Initial Void Period.


More Definitions of Practical Completion

Practical Completion means practical completion of all of the specified work notwithstanding that items which would ordinarily be considered snagging items remain outstanding, and the expression “practically complete” and “practically completed” is to be construed accordingly;
Practical Completion means the proper issue of one or more certificate(s) of practical completion of any works carried out pursuant to this Deed or as the context may allow any part section or phase thereof by an independent architect civil engineer chartered surveyor or other certifying professional (as the case may be) and the termPractically Complete” shall be construed accordingly
Practical Completion means the stage whether Building Works have been certified by the Developer that the Building Works have been completed in accordance with this contract, except for minor omissions, and the Developer has done all that is required to be done to obtain a certificate of occupancy for the Building. Resale Deed means the draft deed between the Development Manager and the Buyer provided for in clause 16 and in the form incorporated in Schedule 4, as amended from time to time. Sale Contract means the first grant contract land not ready dated on the date of this contract between the SLA as seller and the Buyer as buyer. Schedule of Furniture, Upgrades and Inclusions means the schedule set out at Schedule 2 setting out the list of Inclusions, Upgrades and Furniture to be included in the Building. Site means the land identified in Item 2 of Schedule 1.
Practical Completion is as defined in 5.3.1.
Practical Completion means when the building construction is completed except for any omissions or defects that do not prevent the building from being reasonably capable of being used for its intended purpose.
Practical Completion means that stage in the execution of a Named Project when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the AHP Dwellings comprised within the Named Project are fit for beneficial occupation as a residential development in
Practical Completion means that stage in the execution of a Capital Firm Scheme when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the SHAP Dwellings comprised within the Capital Firm Scheme are fit for beneficial occupation as a residential dwelling in accordance with applicable NHBC, LABC or equivalent requirements current at the date of inspection subject only to the existence of minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without materially interfering with the beneficial use and enjoyment of the Capital Firm Scheme and which would be reasonable to include in a snagging list, and Practically Complete shall be construed accordingly;