No; "Build Quality" is the right term.

Manufacturing tolerance is the term for "how close are they all to being the same shape?" Good tolerances are usually a prerequisite to good build quality, but not always.

For instance, cast iron pans can have poor tolerances (be off by fractions of inches), but, as long as they're not warped, and the metallurgy is solid, they could last centuries, and people would say they have good build quality.

On the other hand, a stainless steel pan that's volumetrically-perfect, but has faulty internal welds on the laminated bottom could fall apart after a few uses due to heat strain snapping the welds. That'd be terrible build quality.