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Commercial Construction Agreement
"I need a Commercial Construction Agreement for a £5M office building project in Manchester, where we'll be the main contractor responsible for both construction and some design elements, with completion required by March 2025."
1. Parties: Identifies and defines the contracting parties
2. Background: Sets out context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Works: Detailed description of construction works to be performed
5. Contract Price and Payment Terms: Payment amounts, mechanisms, and schedules
6. Programme and Completion: Timing, completion dates, and delay provisions
7. Contractor Obligations: Key responsibilities and duties of the contractor
8. Employer Obligations: Key responsibilities and duties of the employer
9. Insurance and Liability: Insurance requirements and liability allocation
10. Termination: Circumstances and processes for contract termination
1. Design Responsibility: Required when contractor has design obligations in design and build contracts
2. Performance Bonds: Security for performance, typically used in high-value projects or where required by employer
3. Parent Company Guarantee: Additional security from contractor's parent company, used when contractor is subsidiary of larger group
4. Liquidated Damages: Pre-agreed damages for delay, used when specific completion date is crucial
1. Schedule of Works: Detailed specification of construction works
2. Programme: Detailed timeline of works
3. Payment Schedule: Breakdown of payments and milestone dates
4. Site Information: Details about the construction site
5. Forms of Bonds/Guarantees: Standard forms for any required security
6. Insurance Requirements: Detailed insurance specifications
7. Design Drawings: Technical drawings and specifications
Authors
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