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An inspection contingency is an addendum to a contract that gives buyers the right to have a professional house inspector or other third party examine the property within a certain period of time after the agreement to purchase has been signed.
What is code Inspection? Code Inspection is the most formal type of review, which is a kind of static testing to avoid the defect multiplication at a later stage. The main purpose of code inspection is to find defects and it can also spot any process improvement if any. An inspection report lists the findings, which include metrics that can be used to aid improvements to the process as well as correcting defects in the document under review.