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Design Build Finance Contract
I need a Design Build Finance Contract for a sustainable mixed-use development project in Dubai, UAE, with specific provisions for green building compliance and Islamic finance structure, planned to commence in March 2025.
1. Parties: Identification of the employer/owner and the design-build-finance contractor
2. Background: Project context, purpose, and objectives
3. Definitions and Interpretation: Defined terms, rules of interpretation, and language requirements
4. Scope of Work: Detailed description of design, construction, and financing obligations
5. Contract Price and Payment Terms: Price structure, payment milestones, and financing arrangements
6. Design Obligations: Design requirements, standards, approvals, and review process
7. Construction Obligations: Construction methodology, standards, materials, and workmanship requirements
8. Financing Structure: Financing arrangements, security, and repayment terms
9. Project Schedule: Timeline, milestones, and completion dates for design, construction, and financing
10. Testing and Commissioning: Inspection, testing procedures, and acceptance criteria
11. Warranties and Defects Liability: Warranty periods, remedial works, and liability for defects
12. Risk Allocation: Distribution of risks between parties and risk management procedures
13. Insurance Requirements: Required insurance coverage and responsibilities
14. Force Majeure: Definition of force majeure events and consequences
15. Termination: Termination events, procedures, and consequences
16. Dispute Resolution: Dispute resolution mechanisms compliant with UAE law
17. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions
1. Islamic Finance Provisions: Required if Islamic financing structure is used, including Shariah compliance requirements
2. Environmental Compliance: Required for projects with significant environmental impact
3. Local Content Requirements: Required if project falls under UAE local content requirements
4. Special Technical Requirements: Required for projects with specific technical complexities
5. Step-in Rights: Required when lenders require direct step-in rights
6. Performance Security: Optional additional security requirements beyond standard guarantees
7. Interface Management: Required when multiple contractors or stakeholders are involved
8. Value Engineering: Optional provisions for cost optimization during design phase
1. Schedule 1 - Scope of Works: Detailed technical specifications and requirements
2. Schedule 2 - Payment Schedule: Detailed payment terms, milestones, and procedures
3. Schedule 3 - Project Timeline: Detailed project schedule and milestones
4. Schedule 4 - Design Criteria: Technical design requirements and standards
5. Schedule 5 - Testing and Commissioning Requirements: Detailed testing procedures and acceptance criteria
6. Schedule 6 - Forms of Guarantees: Templates for required guarantees and bonds
7. Schedule 7 - Insurance Requirements: Detailed insurance requirements and minimum coverage
8. Schedule 8 - Financing Term Sheet: Key terms of the financing arrangement
9. Appendix A - Site Information: Site details, surveys, and existing conditions
10. Appendix B - Permits and Approvals: List of required permits and responsible parties
11. Appendix C - Key Personnel: List of key personnel and their responsibilities
12. Appendix D - Form of Certificates: Templates for various certificates required during the project
Authors
Infrastructure
Real Estate Development
Healthcare Facilities
Educational Facilities
Transportation
Energy and Utilities
Industrial Development
Commercial Development
Hospitality
Mixed-use Development
Smart City Development
Sustainable Development
Legal
Finance
Construction
Design
Project Management
Risk Management
Commercial
Procurement
Operations
Investment
Compliance
Technical Services
Development
Project Director
Construction Manager
Finance Director
Legal Counsel
Contract Manager
Chief Financial Officer
Project Manager
Design Manager
Technical Director
Risk Manager
Commercial Manager
Development Director
Planning Manager
Procurement Manager
Operations Director
Investment Manager
Compliance Officer
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