Substantial Completion Date definition
Examples of Substantial Completion Date in a sentence
No action arising from or related to this Agreement, or the performance thereof, shall be commenced by either party against the other more than one year after the Substantial Completion Date.
Substantial Completion shall be achieved not later than the Substantial Completion Date set forth in the Project Schedule.
By executing the Contract and upon execution of each Amendment to the Contract, the Design-Builder is deemed to have included in the Guaranteed Maximum Price sufficient amounts to cover all of its obligations under or arising from the Contract, at law, and otherwise, and to have allowed the necessary resources to enable Design-Builder to achieve Substantial Completion by the Scheduled Substantial Completion Date.
Prior to the Substantial Completion Date, the Developer and the Design Builder shall inspect the Building Improvements and shall prepare and sign an inspection form describing the condition of the Building Improvements and a list (the “Construction Punch List”) of all items of work to be corrected or yet to be completed (the “Construction Punch List Work”).
Troon will in its contract with the Contractor ensure that the Contractor will be liable to Troon and the City for liquidated damages in an amount of $2,000.00 per day for each calendar day beyond the Substantial Completion Date that the Renovation Project is not substantially completed per the Plans.