Think of this Certificate as a Trophy

Why go for a certificate when you can get a trophy? Well because some certificates are worth more than trophies.
Think of this Certificate as a Trophy

Today’s video looks at how to deal with practical completion, click here to check it out, or you can read this short burst.

Construction had three stages…

1. Pre Award

Which is before you get awarded the project and contract.

So…

You bid for a tender -> Submit your proposal -> Negotiate the terms and price -> Then you’re awarded the contract and provide security

2. Post Award

Once you’ve gone through the Pre Award steps

The job commences.

You complete the job but it’s not over until

Practical Completion

Practical completion is the end date of the contract.

Any delays that happen after the designated Practical Completion date means you’ll get hit with liquidated damages.

Here’s what a lot of people forget.

To reach Practical Completion you need a Practical Completion Certificate.

Louder for those at the back…

And in order to get that all-important Practical Completion Certificate you need to follow the procedure as set out in the contract. Once you get a PC you’ll get 50% of your security back

​For more contractual advice, Quantum Contract Solutions is here to guide and assist you through everything contract related. Let’s reduce risk in your contracts and save time and money, just click this link to get our FREE case study to show you how clients just like you are doing it.

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