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Builder Developer Agreement
"I need a Builder Developer Agreement for a luxury residential complex in Riyadh, with construction starting March 2025, that includes specific provisions for sustainable building practices and LEED certification requirements."
1. Parties: Identification of the Developer and Builder, including their full legal names, commercial registration numbers, and authorized representatives
2. Background: Context of the development project, including property details and development objectives
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Works: Detailed description of construction and development works to be performed
5. Project Timeline: Construction schedule, milestones, and completion dates
6. Contract Price and Payment Terms: Payment schedule, amounts, and mechanisms in compliance with Sharia principles
7. Builder's Obligations: Detailed responsibilities of the Builder including quality standards, safety requirements, and regulatory compliance
8. Developer's Obligations: Responsibilities of the Developer including site access, permits, and approvals
9. Materials and Equipment: Specifications for construction materials and equipment requirements
10. Quality Control and Inspection: Quality assurance processes and inspection requirements
11. Variations and Changes: Procedures for handling changes to scope or specifications
12. Warranties and Defects Liability: Builder's warranties and defect rectification obligations
13. Insurance and Indemnities: Required insurance coverage and indemnification provisions
14. Force Majeure: Provisions for unforeseen circumstances and their handling
15. Termination: Grounds and procedures for contract termination
16. Governing Law and Dispute Resolution: Application of Saudi law and dispute resolution mechanisms
1. Environmental Compliance: Required when the project has significant environmental implications or requires environmental permits
2. Community Relations: Needed for projects in populated areas or with community impact
3. Security Requirements: Required for projects with specific security needs or in sensitive locations
4. Technology and BIM Requirements: Included when project requires specific technical or Building Information Modeling standards
5. Value Engineering: Optional section for projects where cost optimization is a key consideration
6. Subcontracting: Required when subcontractors will be extensively used in the project
7. Intellectual Property Rights: Needed when custom designs or innovative construction methods are involved
1. Schedule 1 - Project Specifications: Detailed technical specifications and requirements for the construction work
2. Schedule 2 - Site Plans and Drawings: Architectural, structural, and other relevant drawings
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment milestones and amounts
4. Schedule 4 - Construction Timeline: Detailed project schedule with milestones and deadlines
5. Schedule 5 - Quality Standards: Specific quality requirements and applicable standards
6. Schedule 6 - Form of Warranties: Template warranties and guarantees required from the Builder
7. Schedule 7 - Required Insurance: Details of required insurance coverage and limits
8. Schedule 8 - Key Personnel: List of key project personnel and their responsibilities
9. Schedule 9 - Permits and Approvals: List of required regulatory permits and approvals
10. Appendix A - Health and Safety Requirements: Detailed health and safety standards and procedures
11. Appendix B - Environmental Management Plan: Environmental protection measures and compliance requirements
Authors
Real Estate
Construction
Infrastructure Development
Commercial Property
Residential Development
Industrial Development
Hospitality
Healthcare Facilities
Education Facilities
Retail Development
Mixed-use Development
Legal
Operations
Construction
Development
Commercial
Finance
Procurement
Compliance
Risk Management
Project Management
Technical Services
Design
Property
Development Director
Construction Manager
Project Manager
Contract Manager
Legal Counsel
Chief Executive Officer
Operations Director
Commercial Director
Technical Director
Site Manager
Quantity Surveyor
Chief Financial Officer
Risk Manager
Compliance Officer
Property Development Manager
Construction Supervisor
Procurement Manager
Design Manager
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