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.
Mentioned in these definitions
Popular 'Agreements & Contracts' Terms
occupancy phase in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/occupancy-phase.html
