A Completed Contract in the context of construction refers to a project that has been fully finished and delivered to the client according to the agreed-upon terms and specifications. This means that all construction work, including any necessary testing and final inspections, has been completed to the satisfaction of both parties involved. The completion of a contract typically triggers the final payment to the contractor and marks the end of the construction process.In a Completed Contract scenario, the contractor bears the risk of any cost overruns or delays that may have occurred during the construction process. This is because the contract price is only paid upon completion of the project, meaning that the contractor must absorb any additional expenses that were not accounted for in the original agreement. However, this also means that the contractor will