Document background
The Project Development Agreement is a crucial document in Swiss real estate and construction projects, used when a property owner engages a professional developer to manage and execute a development project. It's particularly relevant in complex developments requiring specialized expertise and coordination of multiple stakeholders. The agreement must comply with Swiss federal law, particularly the Code of Obligations (OR/CO), as well as cantonal construction and planning laws. This document typically includes comprehensive provisions covering project scope, timelines, budgets, quality standards, regulatory compliance, risk allocation, and payment terms. It's essential for projects ranging from commercial and residential developments to specialized facilities, incorporating Swiss-specific requirements such as SIA norms and local building regulations. The Project Development Agreement serves as the primary reference document throughout the development process, establishing clear governance and accountability structures while protecting the interests of all parties involved.
