Legal Definitions - cost of completion

Definition: Cost of completion refers to the expenses required to finish a project, promise, or contract. It is a type of damages awarded to a party in a contract that another party intentionally breached.

For example, in the case of Groves v. John Wunder Co., a company broke a lease contract to restore land after removing gravel from it. The court awarded Groves the cost of completion to make the land level again. However, some other courts may use different types of damages that would award only a fraction of the cost to complete the contract.

The cost of completion is an important concept in contract law as it ensures that the party who was wronged is compensated for the full amount required to complete the project or contract. This helps to discourage parties from intentionally breaching contracts and ensures that justice is served.