What is a warranty in construction?

A warranty in construction refers to a guarantee that the workmanship and materials used in a project meet the specified standards for a given duration. This means that if any defects or issues arise within the agreed-upon warranty period, the contractor is obligated to make necessary repairs or corrections at no additional cost to the owner. Warranties serve to protect the interests of the homeowner or building owner by ensuring that the work performed adheres to applicable quality standards and specifications.

This understanding of warranties is essential for both contractors and clients, as it establishes a level of trust and accountability between the parties. It also helps to provide a clear recourse if the completed work does not meet the expected performance criteria. Knowing the scope and limitations of a warranty is an important aspect of any construction agreement. Warranties do not cover completion timelines, contractor licensure requirements, or project funding methods, as those pertain to different aspects of construction management and regulation.