What does closeout mean in construction?
Short definition
Closeout is the process of completing contract requirements and transferring final documentation at the end of construction.
Longer explanation
Closeout often includes punch list completion, warranties, record drawings, lien waivers, commissioning documents, and final payment requirements.
Example in context
“The project team reviewed the closeout during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers