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What is a Good Faith Estimate of Completion?

Information filed in the SCR after a Notice of Intent to File a Notice of Completion is filed.


Who may file a Good Faith Estimate of Completion?

Any person who is owed any money for work on the construction project.


When must a Good Faith Estimate of Completion be filed?

Twenty (20) days after the filing of a Notice of Intention to File a Notice of Completion.

Amendment of Preliminary Notice Timeline

Figure 3 Amendment of Preliminary Notice with Good Faith Estimate

In this example, a Notice of Intent to File Notice of Completion is filed on November 5, which means you must amend your Preliminary Notice no later than November 25


What is the effect of filing a Good Faith Estimate of Completion?

It provides notice of the remaining amount due to the person filing the Estimate.


 
 

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