FL S0204

Defines "completion of contract" as the later of the date of final performance of contracted services or the date final payment becomes due, regardless of when payment is actually made.

Applies the definition to actions founded on design, planning, or construction of improvements to real property, which must be commenced within 4 years of the completion date (or other triggering dates) and within 10 years maximum.

Reenacts section 627.441(2) relating to commercial general liability policies for contractors to incorporate the amended completion date definition in references to section 95.11(3)(c).

Applies retroactively to causes of action that accrue on or after July 1, 2017.

Takes effect July 1, 2017.