A Virginia Certificate of Partial or Substantial Completion by Contractor (also known as a Virginia Notice of Completion) is the document used to certify that the contractor has completed a project in accordance with the terms of the contract. The contractor is required to provide the Virginia Department of Professional and Occupational Regulation (DOOR) with this document in order to receive payment. There are two types of Virginia Certificate of Partial or Substantial Completion by Contractor: a Certificate of Partial Completion and a Certificate of Substantial Completion. A Certificate of Partial Completion informs the DOOR that a project is at least 50% completed and that the contractor is eligible for partial payment. A Certificate of Substantial Completion informs the DOOR that a project is substantially complete, meaning that the contractor is eligible for full payment. In either case, the Virginia Certificate of Partial or Substantial Completion by Contractor must include details such as the date of completion, the project name and address, the name and address of the contractor, and the signature of the contractor.
Virginia Certificate of Partial or Substantial Completion by Contractor
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How to fill out Virginia Certificate Of Partial Or Substantial Completion By Contractor?
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FAQ
Substantial Completion vs. It will only occur once the remaining punch list items are completed, and all other stipulations of the construction contract have been met. Final completion occurs after the architect has verified the completion of the project. They will perform a final inspection to verify the work.
While the statutory definition of substantial completion varies from state to state, most agree that a project is substantially complete when it can be used for its intended purpose. A construction project need not be absolutely complete; however, any remaining work or defects must be relatively minor and unimportant.
A certificate of substantial completion includes a list of items remaining to be corrected or completed, as well as the timeline allotted for those items. A certificate of occupancy is issued by a local building inspector, and establishes that the building is safe to occupy and utilize.
The American Institute of Architects defines substantial completion as,?the stage in the progress of the Work when the Work or designated portion thereof is sufficiently complete in ance with the Contract Documents so that the Owner can occupy or utilize the Work for its intended use.?
While the statutory definition of substantial completion varies from state to state, most agree that a project is substantially complete when it can be used for its intended purpose. A construction project need not be absolutely complete; however, any remaining work or defects must be relatively minor and unimportant.
Once the power plant produces the guaranteed amount for a testing period, then the project has achieved substantial completion. Unlike conventional projects, substantial completion for such a power plant may not occur for months after construction is complete (mechanical completion).
