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Certificate | Of Practical Completion |best|
In the complex lifecycle of a construction project, few documents carry as much weight—or spark as much debate—as the .
Usually, the Architect, Contract Administrator, or Project Manager is responsible for certifying practical completion. They act as an impartial certifier (rather than an agent for the client). certificate of practical completion
Generally, a project is ready for Practical Completion when: In the complex lifecycle of a construction project,
Most construction contracts allow the client to withhold a percentage of the contract sum (usually 3-5%) as security for the contractor’s performance. Upon Practical Completion, typically half of this retention money is released to the contractor, improving their cash flow. improving their cash flow.