What does the term "punch list" refer to in construction?

The term "punch list" specifically refers to a list of items that need to be completed or corrected before the final acceptance of a construction project. Once the majority of construction is finished, this list is created to identify tasks or deficiencies that must be addressed to ensure the project meets the specified requirements and standards. The punch list serves as a final checklist to ensure that all work is completed satisfactorily, allowing the owner to approve payment and officially close out the contract.

It's a crucial part of the final stages of a project, used to facilitate communication between the contractor and the property owner regarding any outstanding work or corrections. Once all items on the punch list are addressed, the project can move toward its final acceptance and handover. This process helps in ensuring quality control and confirming that the work meets the contractual obligations outlined in the construction agreement before project completion.