What is Practical Completion | Insurance glossary by upcover

Practical Completion is the point when a build is finished and safe to use, even if small defects remain. At this stage, risk often shifts from the builder to the client, and the Defects Liability Period begins. Why it matters: This shift changes who holds insurance responsibility, so tradies and project managers must document handover with care.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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