What does final completion entail?

Final completion signifies that a project is fully completed in accordance with the contract terms. This stage verifies that all aspects of the project have been executed to the specifications laid out in the contract documents, including design, quality standards, and performance requirements. The completion is essential because it not only marks the end of a construction phase but also signifies that the contractor has met their obligations, allowing the project to move forward to warranty and occupancy phases.

At this point, all necessary inspections and approvals are typically completed, and any remaining items outlined in the punch list, which are tasks or corrections identified after the main construction work is done, should be resolved. This would lead to the project being officially accepted by the client, which is crucial for the release of any final payments.

In summary, final completion confirms that the project meets the agreed-upon standards and is fully ready for use as intended in the contract.