Corey Etcheverry and Jim Goodrich | Saul Ewing “Substantial Completion” is a critical concept in construction contracts and one as to which parties often have contrary conceptions. Finding a definition of Substantial Completion acceptable to both the owner and the construction contractor on a project (not to mention one that aligns with the term in… Continue reading On Substantial Completion In Construction Contracts
Tag: Substantial Completion
“Substantial Completion”: Different Strokes for Different Folks??
David Senter | Nexsen Pruet Due to a recent decision of the North Carolina Court of Appeals, there now exists the potential for some uncertainty as to the time limits to assert claims related to a construction project. Specifically, that potential uncertainty relates to when the six-year statute of repose on construction claims begins to… Continue reading “Substantial Completion”: Different Strokes for Different Folks??
Construction Project Participants Face Differing Time Limits for Claims as NC Court of Appeals Interprets Definition of “Substantial Completion”
Andrew Atkins and Elizabeth Raymond | Smith Anderson The North Carolina Court of Appeals recently issued a decision in Gaston County Board of Education v. Shelco, LLC, et al[1] that has the potential to significantly impact the time limits for claims on construction projects. Historically, North Carolina’s six-year statute of repose has provided owners, architects, contractors, and… Continue reading Construction Project Participants Face Differing Time Limits for Claims as NC Court of Appeals Interprets Definition of “Substantial Completion”
Substantial Completion Explained: What Contractors & Owners Should Know
Travis Colburn | Ahlers, Cressman & Sleight A project’s Substantial Completion date is a critical construction milestone for contractors and owners. Depending on the contract, the date of Substantial Completion has project-specific contractual and statutory consequences. Substantial Completion is an “event” – there is no universal definition of the term. It is generally understood to… Continue reading Substantial Completion Explained: What Contractors & Owners Should Know
What Is “Substantial Completion” and Why Does It Matter?
Emily M. Coffey, Casandra M. Langstaff and J. Daniel Weidner | Koley Jessen What is “Substantial Completion”? In the realm of construction law, the concept of “substantial completion,” also referred to as “substantial performance,” is of critical importance. The point in time at which substantial completion is achieved for a project has a number of… Continue reading What Is “Substantial Completion” and Why Does It Matter?