In one sentence
The list of minor items remaining to be completed or corrected near the end of a construction project.
The longer version
A construction punch list catalogs the small, unfinished, or deficient items a contractor must resolve before final completion and payment. It is distinct from a lender's closing punch list, though both track loose ends to zero.
Lenders often hold back a portion of the final draw against punch-list completion, releasing it once the items are confirmed done.
Common questions
- What is a construction punch list?
- The list of minor items to be completed or corrected near the end of construction, prepared after a walkthrough.
- How does the punch list affect the final draw?
- Lenders often hold back retainage or a portion of the final draw until punch list items are completed.
- Who prepares the punch list?
- The architect, owner and contractor, typically through a joint walkthrough of the completed work.
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