��������Ƶ

The Construction Completion Agreement is utilized when a construction project in the Philippines requires specific terms for completing outstanding works, typically arising when the original construction contract needs to be supplemented or when there are changes in project circumstances. This document is essential for projects where partial completion has been achieved but remaining works need to be formally documented and managed. It addresses critical aspects such as scope of remaining works, completion timelines, payment terms, and quality standards, while ensuring compliance with Philippine construction laws and regulations. The agreement is particularly relevant when there are changes in contractors, modifications to original specifications, or when additional clarity is needed for project completion. It includes provisions for inspections, warranties, and dispute resolution mechanisms tailored to the Philippine construction industry context.

1. Parties: Identification of the parties to the agreement, including the owner, contractor, and any relevant third parties

2. Background: Context of the project, reference to original construction contract, and current status of completion

3. Definitions and Interpretation: Key terms used in the agreement, including technical construction terms and project-specific definitions

4. Scope of Remaining Works: Detailed description of all outstanding construction works to be completed under this agreement

5. Completion Timeline: Specific deadlines and milestones for completing the remaining works

6. Contract Price and Payment Terms: Financial terms for remaining works, including payment schedule and retention amounts

7. Contractor's Obligations: Specific responsibilities of the contractor in completing the remaining works

8. Owner's Obligations: Responsibilities of the owner, including access, approvals, and cooperation requirements

9. Quality Standards and Inspection: Standards for workmanship and materials, inspection procedures

10. Warranties and Defects Liability: Warranty terms for completed works and process for addressing defects

11. Completion and Handover: Process for final inspection, certification of completion, and project handover

12. Insurance and Security: Required insurance coverage and any performance security requirements

13. Termination: Circumstances and procedures for agreement termination

14. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration provisions

15. General Provisions: Standard contract clauses including notices, governing law, and entire agreement