Substantial Performance Date definition
Examples of Substantial Performance Date in a sentence
The Contractor acknowledges that the Owner needs a minimum of ninety (90) days notice prior to the anticipated Substantial Performance Date to prepare for the Commissioning.
Substantial Performance Date means the date Substantial Performance of the Work is achieved.
The Owner has ownership of the Schedule Cushion and can elect to use it at any time in respect to an Owner initiated Change Order or upon the occurrence of any event of delay which would otherwise grant to the Contractor an extension of Contract Time provided any portion of the Schedule Cushion which has not been used by the Owner prior to the Substantial Performance Date will be given to the Contractor.
Applications for such progress payments will continue to be provided to the Lender’s Consultant so long as any amount that has been held back by the Owner pursuant to the Contract for the Work completed prior to the Substantial Performance Date remains unpaid.
The Contractor shall provide As - Built Drawings and specifications, Record Documents, spare parts and shop drawings as soon as possible and in any event within thirty (30) days of the Substantial Performance Date.
The Contractor shall, by the date which is twenty (20) days prior to the anticipated Substantial Performance Date as set out in the Contractor’s notice, prepare a list, in electronic format on software that identifies deficiencies by division, by trade and by location (the “Contractor’s Preliminary Minor Deficiencies List”) of Minor Deficiencies including an estimate of the cost of and the time for rectifying such Minor Deficiencies.
The Contractor shall reconfirm the anticipated Substantial Performance Date in a notice to the Owner and the Consultant by the date which is ten (10) days prior to the anticipated Substantial Performance Date.
Base Progress Payments means all progress payments to be made under GC 5.4 – PROGRESS PAYMENTS for the period from the commencement of the Work to, in the case of the Interim Work, the Interim Completion Date and with respect to the balance of the Work, the Substantial Performance Date in respect to the Guaranteed Price but not including any progress payment in respect to the Additional Owner Payments.
The Contractor shall plan for start-up and verifications of all systems to be completed no later than seven (7) days prior to the anticipated Substantial Performance Date.
All monthly progress payments for the period following the Substantial Performance Date shall be paid by the Owner and shall be deemed to be Additional Owner Payments.