Punch List Definition

In general, a punch list is a "to do" list of activities. In construction, a punch list is a contractual document to ensure completion of all construction tasks. The phrase is derived from items being noted as completed by using a paper punch to punch a hole in the margin next to completed tasks. When buying a home, the buyer might specify certain repairs prior to concluding the loan-such repairs will often informally be referred to as a punch list.