Certificate of Substantial Completion

(Updated 2017) Purchase Options

This standard form establishes the date of substantial completion of the trade contract work. Substantial completion of trade contract work may include a designated portion of the subcontract work for which an Owner may make unscheduled beneficial use of a project. The Trade Contractor and Owner, by its authorized representative, both sign this document. Doing so triggers the release of retainage in accordance with the contract documents minus retention for final completion.

Purchase Options


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