What does a 'punch list' primarily signify in construction?

A 'punch list' is a crucial tool in the construction process, primarily signifying a document that outlines incomplete or unsatisfactory work items that need to be addressed before a project can be considered fully complete. This list is typically created near the end of a project, often during the final inspection, and captures items such as minor defects, repairs, or tasks that do not meet the project's standards.

This process ensures that the contractor has a clear understanding of what remains to be completed or corrected, allowing for a systematic approach to finalizing the work before obtaining occupancy or releasing final payment. Understanding the function of the punch list is essential for effective project management, ensuring client satisfaction, and fulfilling contractual obligations.