Document background
The Building Development Agreement serves as the primary contractual framework for construction and development projects in Nigeria. This document is essential when a developer plans to construct or renovate buildings on land owned either by themselves or another party. It provides comprehensive coverage of development rights, construction obligations, regulatory compliance, and risk allocation, while ensuring adherence to Nigerian construction laws, environmental regulations, and local building codes. The agreement typically includes detailed specifications for construction standards, project timelines, payment structures, and dispute resolution mechanisms. It's particularly crucial in the Nigerian context where land use rights, environmental considerations, and local authority requirements must be carefully addressed to ensure project success.
