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It is also quite usual for the final building to differ in some respects to that which received full plans approval, in which case amended "as built" plans are often required to be submitted to the Local Authority. A "completion certificate" is issued upon completion, as long as the completed work complies with the Building Regulations.
The purpose of obtaining a certificate of occupancy is to prove that, according to the law, the house or building is in liveable condition. Generally, such a certificate is necessary to be able to occupy the structure for everyday use, as well as to be able to sign a contract to sell the space and close on a mortgage for the space.
Sectional completion refers to a provision within a construction contract which allows different completion dates for different sections of the works. This is common in larger projects which are completed in stages, allowing the client to take possession of the completed parts whilst construction continues on others.
The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method.
The work on Angram reservoir drew to a close in 1916. It had been allowed to fill in late 1915, and overflowed in January 1916. The school at Angram village was closed by June 1916, and the population was depleted. A certificate of completion was awarded to John Best & Sons on 4 August 1917.
In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materials supplier, equipment lessor or other party to the construction project (the claimant) stating they have received payment and waive any future lien rights to the property (of the owner) for the amount paid.
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