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Development Management Agreement
"I need a Development Management Agreement for a mixed-use commercial project in Singapore's CBD area, where the Development Manager will handle all aspects of the development process including authority submissions and consultant coordination, with services commencing March 2025."
1. Parties: Details of the Developer/Owner and Development Manager, including registration numbers and registered addresses
2. Background/Recitals: Context of the agreement, project details, and purpose of appointment
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation
4. Appointment and Scope: Formal appointment clause and detailed scope of development management services
5. Duration: Term of appointment, including commencement and completion dates
6. Development Manager's Obligations: Detailed responsibilities and duties of the Development Manager
7. Client's Obligations: Responsibilities and duties of the Developer/Owner
8. Fees and Payment: Fee structure, payment terms, and expenses
9. Insurance and Liability: Required insurance coverage and limitation of liability provisions
10. Termination: Grounds for termination and consequences
1. Performance Targets: Specific KPIs and performance metrics - include when performance-based compensation is part of the agreement
2. Value Engineering: Processes for cost optimization and value enhancement - include for large-scale developments with significant cost considerations
3. Sustainability Requirements: Green building and sustainability obligations - include when pursuing green certifications or sustainability goals
4. Marketing and Leasing: Responsibilities for marketing and leasing activities - include when Development Manager's scope includes these services
1. Schedule 1 - Services: Detailed breakdown of development management services
2. Schedule 2 - Fee Schedule: Detailed fee structure, including base fees, incentive fees, and payment milestones
3. Schedule 3 - Project Details: Specific project information, including site details and development parameters
4. Schedule 4 - Key Personnel: List of key team members and their roles
5. Schedule 5 - Project Programme: Detailed project timeline and milestones
6. Schedule 6 - Reporting Requirements: Format and frequency of required reports
7. Appendix A - Authority Matrix: Decision-making and approval processes
8. Appendix B - Insurance Requirements: Detailed insurance specifications and coverage limits
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