Which milestone is generally considered as the completion of punch list work?

The milestone that signifies the completion of punch list work is substantial completion. This phase indicates that the construction project has reached a point where it can be occupied or used for its intended purpose, despite minor tasks or corrections remaining, commonly referred to as punch list items. These punch list items typically involve finishing touches or adjustments that do not prevent the project from serving its primary functions.

Once substantial completion is achieved, the owner may take possession of the project and begin using it while the contractor makes the necessary adjustments. This process essentially allows the project to move forward while ensuring that final details are addressed, aligning with the definition of punch list work. Other milestones, such as final acceptance, notice to proceed, and contract signing, refer to different stages of the project lifecycle and do not specifically denote the completion of punch list items.