What is the warranty period following substantial completion of a project?

Prepare for the GFOA Certified Public Finance Officer exam. Practice with multiple choice questions and detailed explanations. Boost your knowledge and confidence for your certification!

The warranty period following substantial completion of a project is defined as the time during which the contractor is obligated to address and fix any defects that may arise in the work completed. This period allows the owner to ensure that the project meets the specified standards and that any issues can be rectified without incurring additional costs. It is a critical aspect of contract management, as it provides a safeguard for the client and reinforces the contractor’s responsibility for the quality of the work performed.

This answer is central in construction and project management contexts, as it underscores the accountability of contractors even after the project is completed and handed over. Ensuring that the work remains in proper condition during this warranty period fosters trust and reliability in contractual relationships and helps mitigate future disputes between owners and contractors.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy