(Updated 2017) Purchase Options

This is an administrative contract document that establishes the date of substantial completion of the work, or a designated portion of the work, for which an Owner may make unscheduled beneficial use of a project. This document must be signed by the Design-Builder and the Owner and will trigger the release of retainage in accordance with the contract documents. The document identifies items which the parties agree need to be completed or corrected for final completion.

Purchase Options


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