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2. Certificate of occupancy - Wikipedia

   en.wikipedia.org/wiki/Certificate_of_occupancy

   The purpose of obtaining a certificate of occupancy is to prove that, according to the law, the house or building is in liveable condition. Generally, such a certificate is necessary to be able to occupy the structure for everyday use, as well as to be able to sign a contract to sell the space and close on a mortgage for the space.

3. Building regulations approval - Wikipedia

   en.wikipedia.org/wiki/Building_regulations_approval

   It is also quite usual for the final building to differ in some respects to that which received full plans approval, in which case amended "as built" plans are often required to be submitted to the Local Authority. A "completion certificate" is issued upon completion, as long as the completed work complies with the Building Regulations.

4. Commissioning (construction) - Wikipedia

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

   The systems, equipment, items, processes, modes, and sequences of operations to be tested by the CxP (contractors or others) should be detailed and identified in the design engineer's construction documents (drawings and specifications), the construction request for proposal (RFP), the contractors' bid submission, the commissioning ...

5. Completed-contract method - Wikipedia

   en.wikipedia.org/wiki/Completed-contract_method

   Accounting for long term contracts can be done in two ways: through the completed-contract method and the percentage of completion method. The choice between the two depends on the provisions of SOP 81-1 from the AICPA. The completed-contract method recognizes income only when the contract is completed or substantially completed. [1]

6. Punch list - Wikipedia

   en.wikipedia.org/wiki/Punch_list

   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.

7. Construction accounting - Wikipedia

   en.wikipedia.org/wiki/Construction_accounting

   Construction accounting is a form of project accounting ... An example of a Percentage of Completion Method: A construction company has entered into contract to ...