Certified Professional Public Buyer (CPPB) Practice Test

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In the context of contract management, what does "substantial completion" signify?

The beginning of a new phase in the project
The project is completed with minor outstanding tasks
The project has met all specifications and is signed off
The project is on hold indefinitely

The correct answer is: The project is completed with minor outstanding tasks

"Substantial completion" signifies a stage in the project where it is essentially complete, with only minor outstanding tasks remaining. At this point, the project can be considered operational and ready for use, although there may still be some small items to address. This concept is crucial in contract management because it often triggers specific contractual obligations, such as the commencement of the warranty period or the release of final payments, even if not every last detail has been finalized. This stage indicates that the majority of the work has been done and the project fulfills its intended purpose, allowing stakeholders to begin using it while ensuring that the contractor has the opportunity to complete any remaining minor tasks without disrupting operations. This distinction is important for managing expectations between project stakeholders and ensuring that the project continues to move forward toward full completion.