Get the free Statement of Substantial Completion - USDA Rural Development
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How to fill out statement of substantial completion
How to fill out statement of substantial completion:
01
Begin by entering the project information at the top of the statement, including the project name, location, and any relevant identifying numbers.
02
Provide the date of substantial completion, which is the date when the project is considered to be substantially finished and ready for use, even if there are minor remaining tasks.
03
List any exceptions or punch list items that are not yet completed. These are typically small tasks or fixes that need to be resolved before the project can be fully considered complete.
04
Include a description of the work that has been completed, outlining the major components or milestones achieved during the course of the project.
05
Indicate any outstanding payments or documents that need to be submitted in order to finalize the project. This may include invoices, final lien waivers, or warranty information.
06
Sign and date the statement, along with any other required signatures or certifications, to validate its accuracy and completeness.
Who needs statement of substantial completion:
01
Contractors: Contractors use the statement of substantial completion to demonstrate that their portion of the project has been completed and is ready for occupancy or use.
02
Project Owners: Project owners require the statement of substantial completion to officially acknowledge the point at which the project can be considered substantially complete, allowing them to begin using the space or property.
03
Subcontractors: Subcontractors may also need the statement of substantial completion to show that their specific tasks or areas of responsibility have been finished, allowing them to move on to their next projects or phase of work.
04
Third-Party Inspectors: Inspectors or other third-party individuals or organizations involved in the project may also need the statement of substantial completion to verify that the project meets the necessary standards and requirements.
Overall, the statement of substantial completion is a crucial document that outlines the completion status of a project and is required by various stakeholders involved in the construction process.
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What is statement of substantial completion?
Statement of substantial completion is a document indicating that a construction project has reached a stage where it can be used for its intended purpose.
Who is required to file statement of substantial completion?
Typically, the general contractor or construction manager is responsible for filing the statement of substantial completion.
How to fill out statement of substantial completion?
The statement of substantial completion should include details about the project, such as completion date, final payment, and any outstanding work to be completed.
What is the purpose of statement of substantial completion?
The purpose of the statement of substantial completion is to officially mark the point at which the construction project is considered to be finished.
What information must be reported on statement of substantial completion?
Information such as project details, completion date, final payment, punch list items, and any outstanding work must be reported on the statement of substantial completion.
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