What is the difference between a warranty and a guarantee in construction?

The distinction between a warranty and a guarantee in construction is primarily centered around the nature of the protection and assurances they provide. A warranty is generally understood as a promise made by the contractor or builder that the work performed will be free from defects for a specified period. This often covers materials and workmanship, allowing the property owner to seek remediation if issues arise during the warranty period. It specifies the timeframe in which the contractor is obligated to address these defects, thus emphasizing a limited time commitment.

On the other hand, a guarantee tends to focus more on the performance expectations of the work completed. It assures that the project will achieve certain results or meet specific standards, regardless of time. Guarantees are often broader in scope and can encompass long-term assurances of performance.

This definition sets a clear boundary: warranties are about remedying defects within a certain timeframe, while guarantees function as assurances of specified results or outcomes. Recognizing this distinction can be crucial for contractors and clients in understanding their rights and obligations within construction contracts.