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No, I don't think there is much value during the design phase. Punch Lists are created when the building is near completion. The architect walks around the building, taking notes of what's not acceptable, and sends photographs + descriptions of an issue to the other contractors. With a portable version of AutoCAD this process could be made more efficient by allowing the architect to enter notes in the drawing file while at the site (and maybe attach images to it taken with iPad with the help of a macro or some other add-on).

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