Delivery

Delivery refers to the official transfer of a building, space or plot from the developer, contractor or landlord to the end user or owner upon completion of all construction and finishing works. The property is deemed ready for immediate occupancy or use.

A typical delivery process includes:

• Technical inspections and functional testing of all systems
• Verification against agreed specifications and drawings
• Documentation of any outstanding defects or punch list items
• Compliance confirmation with building codes and regulations

For commercial real estate, delivery marks the commencement of lease terms or the settlement of purchase. For investors, it represents a key milestone where revenue generation and performance obligations begin.