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Special or extended warranties are modified from the manufacturer's standard warranty to suit the needs of a given transaction, usually in response to a contractual requirement. Perhaps the most common form is an extension of the normal duration of the manufacturer's standard warranty.
What Is a Warranty? A warranty is a type of guarantee that a manufacturer or similar party makes regarding the condition of its product. It also refers to the terms and situations in which repairs or exchanges will be made if the product does not function as originally described or intended.
There are two main implied warranties that contractors need to be aware of: workmanship and habitability.
In a typical construction contract warranty provision, the contractor warrants, represents or covenants, that its work will be performed in accordance with certain standards stated in the contract (e.g., in a good and workmanlike manner) and otherwise be free of defects and in conformity with the design documents.
A Contractor Warranty is a typed or handwritten document completed and signed by the contractor who guarantees that the construction project will be created in a workmanlike manner, without any major flaws and defects, and will meet safety and quality standards universally accepted by the building and construction