Punch List
A documented list of minor items remaining to be completed or corrected before a construction project is considered substantially finished.
A punch list (also called a snag list) is a formal record of outstanding work items at the near-completion stage of a project. It typically includes small deficiencies such as paint touch-ups, missing hardware, caulk gaps, adjustment of cabinet doors, broken tiles, and anything else that does not conform to the contract documents. Creating a comprehensive punch list protects the homeowner from releasing final payment before the work is truly complete.
The punch list walkthrough is conducted jointly by the homeowner and contractor when the project appears substantially complete. Each item is noted in writing with enough description to locate and verify it. The contractor commits to completing punch list items within an agreed timeframe before final payment is released.
Holding a meaningful retainage amount (typically 5–10% of contract value) until the punch list is complete gives the contractor a financial incentive to return and finish. Without a retained amount, it can be difficult to get a contractor back for small items after they have moved on to the next job.
Real-World Example
The punch list walkthrough identified 22 items including three cabinet doors that needed adjustment, paint touch-up on the baseboards, and a missing grout line in the bathroom floor.