Florida Building Contractor Business/Finance Practice Exam

What condition must be met for a completion date to be enforceable?

1. It must be stated verbally

2. It must be written and reasonable to the contractual parties

3. It must be agreed upon by a third party

4. It must be included in the project timeline

The correct answer is: It must be written and reasonable to the contractual parties

For a completion date to be enforceable in a construction contract, it is essential that the completion date be clearly defined in writing and considered reasonable by the contractual parties involved. This written aspect serves to provide legal clarity and reduce ambiguity about the expectations and timelines associated with the project. A clearly written completion date helps avoid disputes, ensuring that both parties have a mutual understanding of when the project should be completed. It also supports accountability and provides a basis for any legal recourse in the case of non-compliance. By being reasonable, the completion date should also reflect the practical realities of the project, considering factors such as scope, complexity, and resource availability. In contrast, a verbal statement would not hold the same legal weight as a written agreement, potentially leaving room for interpretation and disputes. Similarly, relying on a third party for agreement on a completion date can complicate matters unnecessarily. Lastly, while including the date in the project timeline may provide context, it does not, by itself, ensure enforceability unless the date is specifically defined in a mutually agreed-upon written format.