*Commencement
The definition of “commencement” varies based on the type of building work:
Complex Buildings: Commencement occurs when the foundations and the structure of the lowest floor level are complete.
Non-Complex Buildings where there are foundations Commencement is defined as when the foundations, any basement levels and the structure up to the ground-floor level are complete. This is typically the DPC stage
All Other Building Work: Commencement is defined as occurring when 15% of the total project work is completed.