occupancy phase
Definition
Specific period, stipulated in a construction contract, that follows the construction phase. During this phase the contractor is required to ensure the equipment, material, and workmanship meets the specifications and that all supplier-and manufacturer warranties remain in force. Also called guaranty phase or warranty phase.
occupancy phase is in the Agreements & Contracts and Purchasing & Procurement subjects.
occupancy phase appears in the definitions of the following terms: warranty phase and guarantee phase
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