What is substantial completion and what are the ramifications to the owner and contractor of the contractor achieving substantial completion?
What will be an ideal response?
Substantial completion is the point at which the project may be occupied
and used for its intended purpose. It may entitle the contractor to payment
of the retainage, less adjustments for incomplete or defective work.
Warranties generally begin to run at the time of substantial completion, as
does the statute of repose. Achieving substantial completion is also a
prerequisite to the contractor’s use of statutory remedies, such as filing a
mechanic’s lien. Liquidated damages may begin to run from the date of
substantial completion or final completion, depending on the wording of the
contract
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0.000277965 ÷ 0.0639 =?
A. ?0.0000229885 B. ?0.0000435 C. ?0.00435 D. ?229.885
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Indicate whether the statement is true or false
What is an advantage of the oxyacetylene flame compared to air acetylene?
What will be an ideal response?