Could anyone explain to me what is difference between Substantial Completion and Beneficial Occupancy (or Temporary Certificate of Occupancy) from scheduling & legal point of view?
Roughly I understand the meaning of all of them, but I don’t understand exactly the difference from legal point of view, especially for calculating liquidated damages under delay claim situation.
Which one has the first priority to calculate liquidated damages if all of them is on a schedule as a milestone activity?
I really appreciate in advance.
Paul
Roughly I understand the meaning of all of them, but I don’t understand exactly the difference from legal point of view, especially for calculating liquidated damages under delay claim situation.
Which one has the first priority to calculate liquidated damages if all of them is on a schedule as a milestone activity?
I really appreciate in advance.
Paul