Model checking is the systematic check of a model against written requirements. UNI 11337-5 distinguishes three levels: internal checking by whoever produces the model, checking by the coordinator on federated models, and independent checking by the client or a third party. Four things are checked: geometry (consistency, level of development, duplicates), information (parameters, classifications, completeness), clashes between disciplines, and compliance with design rules and standards.
A standard that defines model quality does exist: UNI 11337-5 for checking workflows and ISO 19650-2 for deliveries. The acceptance criteria, however, are set by the information requirements of each project.