The 3 Key items that need to be considered for Practical Completion are:
1. Minor defects and omissions - these should be recorded on a signed defects document, signed by the Builder (or their representative) and the Client (or their representative). This document should formally acknowledge the times, issues and defects that have been agreed on, and also the defects where there is disagreement.
2. Contracted work completed properly. The contracted work needs to be completed in accordance with the Building Codes, Standards, relevant laws, and contract documentation.
3. Certificates. Some contracts require provision of all inspection certificates, collection of all the necessary Form 16s, and the final inspection certificate known as Form 21.
These key items are often a condition for the final payment from the Owner.
Once Practical Completion has been reached and the final payment has been made, all the relevant files are provided to the Owner at handover.
inndox can help you manage your handover and provide the next level of service - a digital handover in a convenient app that helps Owners manage and maintain their biggest asset.
