Certificate Of Practical Completion: ((link))
Generally, a project is ready for Practical Completion when:
But what is being certified, really? Not perfection. Not the dream sketched on tracing paper at 2 a.m. Rather, the certificate certifies a managed disappointment . It is the industry’s most honest document because it admits: We did not finish everything, but we finished enough. certificate of practical completion
If the project is late, the client is entitled to claim Liquidated Damages (LDs) from the contractor. The CPC establishes the official completion date. Once issued, the liability for LDs is crystallized. If the certificate is dated later than the contractual completion date, the contractor becomes liable for damages for the period of delay. Generally, a project is ready for Practical Completion