Final Completion and Final Payment (Construction) | Practical Law

Final Completion and Final Payment (Construction) | Practical Law

Standard Clauses defining what it means to achieve final completion on a construction project and outlining the steps required to achieve final completion certification. These Clauses also address requirements for final payment, including release of retainage and language releasing claims post-completion. These jurisdictionally neutral Standard Clauses have integrated notes with important explanations and negotiating tips and drafting guidance for both owners and contractors, construction managers, or design-builders, and can be incorporated in any type of construction agreement.

Final Completion and Final Payment (Construction)

Practical Law Standard Clauses w-027-3785 (Approx. 14 pages)

Final Completion and Final Payment (Construction)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
Standard Clauses defining what it means to achieve final completion on a construction project and outlining the steps required to achieve final completion certification. These Clauses also address requirements for final payment, including release of retainage and language releasing claims post-completion. These jurisdictionally neutral Standard Clauses have integrated notes with important explanations and negotiating tips and drafting guidance for both owners and contractors, construction managers, or design-builders, and can be incorporated in any type of construction agreement.