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FAQs
What is the effect of Practical Completion?
Practical Completion means that: Under the standard building contracts, it commences the defects rectification period commences (usually 12 months, but it can be 6 months); It releases half of any retention monies kept back from all interim payments up to...
When is Practical Completion achieved?
Practical Completion is a state of affairs in which the building has been completed free from any defects that can be seen (‘patent defects’) other than ones that can be ignored as ‘trifling’. In other words, the defects (and the...
What’s the difference between Sectional Completion and Partial Possession?
In short, sectional completion is an obligation to meet the date for completion for just part of the works. Whereas partial possession is an agreement to accept completion for just part of the works. It is usually agreed whilst the...
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Sectors
