Items that have been installed and completed but require additional work to meet the quality standard. These are normally cosmetic defects regarding fit, finish or appearance ‑ or are items which exceed the tolerances identified in the “Workmanship and Material Guide”.
Items in the contract that have not been completed at the time of inspection. Seasonal Deficiencies are the most common type, where weather and climate factors make it impractical to complete certain kinds of exterior work.
A sum of money provided by the Purchaser to the Builder as a means of binding a contract for the purchase and sale of a house.
The Alberta New Home Warranty Program offers deposit protection when your builder is a Registered Builder Member of the Program. For complete deposit protection details go to www.albertanewhomewarranty.com to view our current coverages.