![]() Ultimately, the goal of all construction projects is to achieve zero items on their punch list - once this is the case, the construction project enters the substantial completion part of the project. Usually, the retainage accounts for around five to ten percent of the original contract price. Additionally, retainage also helps to ensure that all work is on par with everything that was outlined and agreed upon in the contract. Punch lists help to justify retainage (also called retention), which refers to the amount of money that is deliberately withheld at the end of a construction project to ensure the contractor follows up on the punch list and completes all work. Larger issues are usually addressed through a change order, which happens earlier in the construction process. A punch list identifies unreasonable flaws for correction. Since no building project will ever be perfect, contractors may make a distinction between reasonable flaws (minor, insignificant flaws that still meet contract specifications) and unreasonable flaws (errors that must be fixed). Many other things can be added to a punch list, but essentially, punch lists are limited to small or minor fixes that must be completed before a project is officially closed out. Any unaddressed items outlined in the original contract.Anything additional that was damaged during the course of the project, like a cracked driveway or flawed drywall.Mechanical issues related to thermostats, ductwork, and appliances.Incorrect installations, like flooring or cabinetry.(Typically, the contract includes the right to withhold payment until all the items have been completed correctly.)Ī construction punch list will often include the following items: A construction punch list should follow the terms of the original contract - for all the unaddressed items on the list, the contractor and customer will reach a mutual agreement before considering the project complete and ready for final payment. The punch list - also called a snag list, a deficiency list, and a punch out list - is created before the final inspection to outline all remaining work, and the contractor, project owner, or any other key stakeholders can add to it. Managing Work Collections of actionable tips, guides, and templates to help improve the way you work.Ī punch list is part of the project closeout portion of the construction process in which a contractor prepares a document that lists any work that has not been completed, or not been completed correctly.Solution Center Move faster with templates, integrations, and more.Events Explore upcoming events and webinars.Content Center Get actionable news, articles, reports, and release notes.Partners Find a partner or join our award-winning program.Professional Services Get expert help to deliver end-to-end business solutions.Technical Support Get expert coaching, deep technical support and guidance.Help Center Get answers to common questions or open up a support case.Smartsheet University Access eLearning, Instructor-led training, and certification.Community Find answers, learn best practices, or ask a question.Learning Center Find tutorials, help articles & webinars.A quarterly roundup of the innovations that’ll make your work life easier. What’s up next A sneak peek at upcoming enhancements.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Portfolio management at scale Deliver project consistency and visibility at scale. ![]() ![]() ![]() Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale. ![]()
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