Common use of Final Punch List Clause in Contracts

Final Punch List. As required by Section 3.19 (Substantial Completion), the Design-Builder shall submit a proposed Preliminary Punch List to the Owner and the Owner’s Representative when the Design-Builder believes that the Design-Build Work has been substantially completed in compliance with this Design-Build Agreement. The “Preliminary Punch List” shall be a statement of repairs, corrections and adjustments to the Design-Build Work, and incomplete aspects of the Design-Build Work, which in the Design-Builder’s opinion: (1) the Design-Builder can complete before the Final Completion deadlines provided in Section 3.21 (Final Completion), and with minimal interference to the occupancy, use and lawful operation of the Design-Build Improvements; and (2) would represent, to perform or complete, a total cost of not more than 2.5% of the portion of the Design-Build Price applicable to the construction of the Design-Build Improvements (unless the Owner determines that a higher percentage is acceptable). In no event shall the Preliminary Punch List contain any incomplete items necessary for full Design-Build Improvements operations. The Preliminary Punch List shall be approved by the Owner, and upon such approval, the Preliminary Punch List shall become the Final Punch List. Completion of the Final Punch List work shall be verified by a final walk-through of the Design- Build Improvements conducted by the Owner and the Owner’s Representative with the Design- Builder and the Construction Superintendent.