Development management agreement
Development management agreement

The following Property precedent provides comprehensive and up to date legal information covering:

  • Development management agreement
  • background
  • 1 Definitions and Interpretation
  • 2 Appointment
  • 3 Development Manager’s Duty of Care
  • 4 Development Manager’s General Obligations
  • 5 Authority of the Development Manager
  • 6 Business Plan, Budget Plan and Programme of Works
  • 7 Development obligations
  • 8 Development Fee
  • More...

date [date]

Parties

  1. 1

    [name of the Company] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at OR [address] (the Company)

  1. 2

    [name of the Development Manager] of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (the Development Manager)

background

    1. (A)

      The Company has been established [as a joint venture] to undertake the Development.

    1. (B)

      The Company wishes to appoint the Development Manager to carry out the Services on the terms of this Agreement.

    1. 1

      Definitions and Interpretation

      1. 1.1

        Definitions

        In this Agreement the following definitions apply:

        Additional Services

        1. any and all additional services which the Company may instruct the Development Manager to perform pursuant to clause 9;

        Additional Development Fee

        1. the additional fees (if any) payable by the Company to the Development Manager pursuant to clause 9 for performing any Additional Services;

        Appointments

        1. the appointments of the Professional Team to be entered into by the Company or the Building Contractor (if applicable) and the members of the Professional Team or any one of the them;

        Architect

        1. [name of the architect appointed] or any other person appointed by the Company[(or the Building Contractor)] from time to time to act as the architect for the Development under the terms of this Agreement;

        Bribery Laws

        1. the Bribery Act 2010 [and all other applicable UK legislation, regulations and

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