Which phase addresses the final adjustments and acceptance of the project upon completion?

The phase that addresses the final adjustments and acceptance of the project upon completion is known as the Close-Out phase. This stage is crucial as it involves completing final inspections, addressing any outstanding punch list items, and ensuring that all project documentation is in order. It includes obtaining necessary approvals and sign-offs to confirm that the project meets agreed specifications and is ready for handover.

During the Close-Out phase, the project team finalizes the financial accounts related to the project, returns any retainage held during construction, and formally closes out all contracts. It allows the stakeholders to address any lingering issues, ensuring that the project is fully functional and meets the expectations set forth at the beginning.

In contrast, other phases like Commissioning focus more on ensuring that systems and components of a building work together as designed, while the Pre-Construction and Schematic Design phases primarily deal with planning, design, and preparation prior to the project's execution.