NM General Contractor Practice Questions - New Mexico General Contractor Exam

What is 'substantial completion' under the NASCLA framework?

The point at which the project is sufficiently complete for the owner to use it for its intended purpose When 50% of the budget is spent When the last subcontractor finishes their work When the building permit expires

Correct Answer:

The point at which the project is sufficiently complete for the owner to use it for its intended purpose

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