Practical completion
A contractual milestone for sufficiently complete work, often shortened to PC; its meaning and financial effects depend on your contract.
by Jack Butler-Kettle · About 1 min readShare
Further detail
Practical completion is a milestone assessed under the applicable contract. It is not necessarily the absence of every minor defect, nor the day a subcontractor leaves site. Its significance for possession, retention, defects and delay damages depends on the terms and the required certification or agreement.
Preserve completion evidence and a clear record of outstanding items. Our Main-contract and subcontract administration support service tracks the contractual process and our Final account preparation and assessment service keeps the closing account aligned with the relevant milestones. Certification requires the authority conferred by the particular appointment.