# Punch list

*Also called: snag list, punchlist, completion list.*

**Definition.** A punch list is the itemised list of incomplete or defective work identified near the end of a job, which the contractor must finish before the work is accepted and final payment released.

It is written from a walkthrough with the contractor present, item by item and room by room, with a photo where the defect is arguable and an agreed date for each item.

Its power comes entirely from retainage. A punch list issued after final payment is a request; one issued while money is still held is an obligation.

The list should be measured against the approved scope. "That was not in my price" is a much shorter conversation when the scope is a numbered document you both approved.

## Why it matters

The punch list is the last point at which you have leverage. Everything unresolved when it closes becomes your problem, at your cost.

## Related terms

- [Retainage](https://quotrium.com/glossary/retainage)
- [Scope of work](https://quotrium.com/glossary/scope-of-work)
- [Change order](https://quotrium.com/glossary/change-order)

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Source: https://quotrium.com/glossary/punch-list · Quotrium — Comparable quotes for property work