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Property Development Contract
"I need a Property Development Contract for a mixed-use development project in Auckland, New Zealand, scheduled to commence in March 2025, with specific provisions for staged completion and sustainability requirements."
1. Parties: Identification of the developer, contractor, and any other key parties including their legal status and contact details
2. Background: Context of the development project, including site details and general project objectives
3. Definitions: Detailed definitions of terms used throughout the contract
4. Project Scope: Detailed description of the development works, including general specifications and standards
5. Contract Sum and Payment Terms: Project costs, payment schedule, retention provisions, and progress payment mechanisms
6. Time for Completion: Project timeline, completion dates, stages of completion, and provisions for extensions of time
7. Developer's Obligations: Responsibilities of the developer including provision of information, approvals, and site access
8. Contractor's Obligations: Detailed responsibilities of the contractor including workmanship, materials, and compliance requirements
9. Variations: Procedures for varying the works, pricing of variations, and approval processes
10. Consents and Compliance: Requirements for obtaining and maintaining necessary permits, consents, and compliance with regulations
11. Quality Assurance: Quality standards, inspection procedures, and defects liability provisions
12. Risk and Insurance: Risk allocation, required insurance coverage, and liability provisions
13. Default and Termination: Events of default, remedies, and termination procedures
14. Dispute Resolution: Procedures for resolving disputes including mediation and arbitration processes
15. General Provisions: Standard contract clauses including notices, assignment, and governing law
1. Design Obligations: Required when the contractor has design responsibilities in addition to construction
2. Value Management: Include when specific cost management and optimization procedures are required
3. Environmental Requirements: Necessary for projects with significant environmental considerations or requirements
4. Community Engagement: Include when the project requires specific community consultation or engagement
5. Staging and Sectional Completion: Required for projects with multiple stages or separate completion requirements
6. Heritage Protection: Include when dealing with heritage buildings or sites
7. Provisional Sums: Required when certain works cannot be accurately priced at contract formation
8. Third Party Agreements: Include when coordination with third parties is crucial to project delivery
1. Schedule 1: Site Plan and Details: Detailed plans, boundaries, and site-specific information
2. Schedule 2: Works Specifications: Detailed technical specifications for all aspects of the development
3. Schedule 3: Project Program: Detailed timeline, milestones, and completion dates
4. Schedule 4: Payment Schedule: Detailed breakdown of payments, milestones, and payment terms
5. Schedule 5: Agreed Variations: Record of all approved variations to the original scope
6. Schedule 6: Consent Conditions: Copies of all relevant resource and building consent conditions
7. Schedule 7: Key Personnel: Details of key project personnel and their responsibilities
8. Appendix A: Design Documents: All relevant design drawings and documentation
9. Appendix B: Geotechnical Reports: Site investigation reports and geotechnical information
10. Appendix C: Insurance Certificates: Copies of required insurance policies and certificates
Authors
Construction
Real Estate Development
Property Management
Architecture and Design
Engineering
Urban Planning
Infrastructure Development
Commercial Property
Residential Property
Mixed-use Development
Legal
Construction
Development
Commercial
Finance
Operations
Risk and Compliance
Project Management
Property
Planning and Design
Development Director
Project Manager
Construction Manager
Legal Counsel
Contract Administrator
Quantity Surveyor
Development Manager
Risk Manager
Commercial Director
Finance Director
Compliance Officer
Planning Manager
Site Manager
Operations Director
Property Director
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