Work completion forms, also known as certificates of final completion, allow a contractor or construction company to signify the official end of a project to the site owners or other supervisors. It allows the contractor to remove liability for any additional changes or work on the project and state the final payment amount due from the client or site owner.
When a construction company takes on a construction project, it signs a contract with the owner of the property or land on which the project takes place, agreeing to perform a specific amount of work in exchange for a specific amount or rate of compensation. When the company finishes the project, it fills out a certificate of final completion to notify the site owner that the job is done according to the terms of the initial agreement. One significant purpose of the form is to remove liability for final changes or other work from the contractor, as the form includes an exact end date for the project.
The form also includes the names of all parties involved with the project, including any architects, other construction companies and the property owners, to establish participation and legal claims for each participant. As the form marks the end of the project, it also includes a final summation of the remaining costs for the work done by the construction company. The form must also include a total of all previous payments along with the same rates and costs from the initial contract or details about any changes.