express warranty
A guarantee included in the contract that a product will meet a certain level of quality and reliability, whether spoken or written. [...]
owner occupancy
When the property owner takes possession of the building in a development project and commences operations. [...]
commissioning
The construction quality-assurance process of ensuring that a building is technically, operationally, commercially and legally ready for operation and [...]
handover
When a general contractor delivers and the developer accepts the transfer of built property for occupation, which marks the end of the contractor’s po [...]
practical completion
When a development project has been completed according to the construction contract to the satisfaction of a commissioning agent, except for minor om [...]
punch list
A document that identifies and lists work that does not conform to contract specifications and must be completed for the issuance of a certificate of [...]
