practical completion
In a construction contract, the point at which the property can be occupied and usedIn a construction contract, the point at which the property can be occupied and used. Typically, half of the retention monies are released, the contractor's potential liability for liquidated damages ends and the defects rectification period begins.
Meaning
1 senses(uncountable, usually)In a construction contract, the point at which the property can be occupied and used. Typically, half of the retention monies are released, the contractor's potential liability for liquidated damages ends and the defects rectification period begins.
Forms
plural: practical completions| Singular | practical completion |
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uncountable
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable