punch list

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punch list

The list of completion, correction, and repair items necessary after construction has been completed on a project and before acceptance by the owner, tenant,or purchaser. The item can be as minor as, “Switch plate in master bathroom is not straight,” to things as important as, “All the carpet is the wrong color.”

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Punchlist (punchlistusa.com) not only provides an estimate of repairs called for by a home inspector but also does the work.
The Smart Apartment Solutions Punchlist application was designed to help streamline the turn process by breaking down the tasks by room with a click-through function that allows the techincian to report if the specified area is in good condition, in need of repair or in need of a contractor.
James Englebrecht, president, says the company "offers value engineering, reduced lead times and a zero punchlist commitment" to its customers.
For customers wishing a less expensive (albeit less-customizable) tool, industry vendors such as Punch List or Punchlist Manager sell software that also works on PDAs and may be compatible with accounting software.
Similarly, even though the contractor satisfied requested "punchlist" items on work that it had already essentially completed and been paid, that was not sufficient to constitute a basis for a claim that the contractor had elected to complete contract performance in general.
My advice to both developers and buyers is to try to wait as long as is reasonably possible to close in order to allow most of the punchlist work to be completed.
Process templates are provided to speed punchlist data collection.
Raymond Fischer from Trammel Crow states: "Progress meetings take up most of my time with the travel involved, but most of my aggravation comes from the last 10 percent of the project, which involves punchlist, close-out, and submittals." To help organize himself, Heitman's Kelley makes a list of ten things that need to be done each day and does not leave at night until they are finished.
Some difficulties in work scheduling and coordination delayed punchlist resolution and job completion until late summer.