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  3. Warranty - Wikipedia

    en.wikipedia.org/wiki/Warranty

    If a coat is designed to last two years, but has a 10-year limited warranty against defects in materials and workmanship, a buyer who wears the coat for 3 years and then finds it worn out would not be able to collect on the warranty. But it is different from a 2-year warranty because if the buyer starts wearing the coat 5 years after buying it ...

  4. Commissioning (construction) - Wikipedia

    en.wikipedia.org/wiki/Commissioning_(construction)

    In construction, commissioning or commissioning process (often abbreviated Cx) [1] [2] [3] is an integrated, systematic process to ensure, that all building systems perform interactively according to the "Design Intent", through documented verification. The commissioning process establishes and documents the "Owner's Project Requirements (OPR ...

  5. Extended warranty - Wikipedia

    en.wikipedia.org/wiki/Extended_warranty

    All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.

  6. Performance bond - Wikipedia

    en.wikipedia.org/wiki/Performance_bond

    Performance bonds are commonly used in the construction and development of real property, where an owner or investor may require the developer to assure that contractors or project managers procure such bonds in order to guarantee that the value of the work will not be lost in the case of an unfortunate event (such as insolvency of the contractor).

  7. Punch list - Wikipedia

    en.wikipedia.org/wiki/Punch_list

    [2] In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.

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  9. National House Building Council - Wikipedia

    en.wikipedia.org/wiki/National_House_Building...

    According to NHBC's website, around 80% of new homes built in the UK each year have an NHBC 10-year warranty. Builders and developers who sell properties with NHBC warranties should adhere to NHBC's guidance documents on construction contained in the NHBC Technical Standards, in addition to complying with Building Regulations in the UK.

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