An agreement between two companies in which one company takes on a project and the other company agrees to pay for it if the project is completed on time and according to specifications. The company performing the work agrees to reimburse the other company for any debt incurred to finance the project if it is not completed satisfactorily.
Related information about completion undertaking:
- Completion Undertaking - Financial Dictionary - The Free Dictionary
An undertaking either (1) to complete a project so that it meets certain specified performance criteria on or before a certain specified date, or (2) to repay project ...
- What is completion undertaking? - BusinessDictionary.com
Definition of completion undertaking: A contract between two companies in which Company A agrees to complete a project under specific conditions and by a ...
- What is completion undertaking? - InvestorWords.com
Definition of completion undertaking: An agreement between two companies in which one company takes on a project and the other company agrees to pay for ...
- GC21 sample letter 37C - Return of Completion Undertaking
insert the date. The Contractor, » insert the name of the Contractor (see Contract Information item 8) ABN » insert the Contractor's ABN » insert the Contractor's ...
- Borrower - Council of Mortgage Lenders
Conveyancer's Pre Completion Undertaking and Funds Request signed and completed at least [7] days before legal completion. Completed Land Registry ...
- Practical Conveyancing - Early completion - additional enquiries
If not, will the seller's solicitors give a pre-completion undertaking in the Law Society Standard Form, to discharge the mortgage? Will written confirmation be ...
- * Completion Test - (Business): Definition
Completion undertaking An undertaking either (1) to complete a project such that it meets certain specified performance criteria on or before a certain specified ...
- First Deed of Amendment to Barangaroo - Headland Park Early ...
Feb 28, 2011 ... Practical Completion Undertaking will expire, the ... the Principal a replacement Practical Completion Undertaking (in a form and from a ...