Certified Facility Manager (CFM) Practice Exam 2026 – All-in-One Resource for Exam Success!

The Certificate of Substantial Completion is the document that specifically indicates that a construction project has reached a stage where it is sufficiently complete, according to the contract, that the owner can occupy or utilize the project for its intended purpose. This certificate serves as an important milestone in the construction process, as it signifies that the majority of work has been finished, and the responsible party can confirm that the project meets the essential contractual obligations.

Moreover, obtaining the Certificate of Substantial Completion often marks the beginning of the warranty period for the work completed. This document can also outline any remaining tasks or deficiencies that need to be addressed, which helps in managing the transition from construction to operation effectively.

The other options, while related to project completion, do not precisely define the status of completion in the same way. The Certificate of Completion generally signifies the final completion of all work, but it is the Certificate of Substantial Completion that is more commonly used along the timeline of a project to signify readiness for use. The Final Project Report provides a summary of the project's execution but does not serve as a formal declaration of completion. Similarly, the Project Completion Agreement focuses more on the agreements between parties rather than confirming the status of work completion.