Unlicensed Contract and Punch List
I have contract to have a log cabin built in Ashe County in NC. The work has been pretty much completed and I have received a CO from Ashe County. I have given the contractor a punch list and withheld the final 3% of the cost. She has advised me that by law she has over a year to complete the punch list and that I must give her the final 3% as she will not put out any of her own monies to complete the cabin.
Is this correct?
1 Answer from Attorneys
Re: Unlicensed Contract and Punch List
The contractor is incorrect. The warranty is for 1 year time period, not the time period to complete the contract. You are entitled to hold retainage funds (3%) until all work is completed in a workmanlike manner.