Punch List
A punch list is a comprehensive list of items to be completed or corrected that is assembled when the work is substantially complete or near substantial completion. AIA-form contract language describes the contractor preparing and submitting a comprehensive list of items to be completed or corrected as part of the substantial completion process.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Closeout; turnover
- Property types
- All
In practice
Punch list governance often determines turnover speed; operators should maintain a clear owner/tenant acceptance protocol distinct from pure contractor correction tracking.
Read more in the Knowledge Base
- Construction Defect Risk in New DevelopmentBuyers
- Unit Turnover Operations: Turn Cost Minimization and the 14-Day Turn ProtocolLandlords
- Residential Inspection Protocols by Asset ClassBuyers
- Move-In Day Operations - Key Handoff, Condition Documentation, and Utility TransferLandlords
Related terms
Construction Terminology
- Change Order
- Construction Management at Risk (CMAR / CM@Risk)
- Design-Bid-Build
- Design-Build
- Guaranteed Maximum Price (GMP)
- Hard Costs
- Lump Sum
- Shop Drawings
- Soft Costs
- Submittals
General information, not legal, tax or financial advice.