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Buyer Builder Agreement
"I need a Buyer Builder Agreement for the construction of a three-story residential property in Penang, Malaysia, with construction to commence in March 2025 and strict completion deadline of December 2025, including provisions for local heritage area requirements."
1. Parties: Identification and details of the Buyer and the Builder, including registration/license numbers
2. Background: Context of the agreement, including property details and purpose of construction
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Works: Detailed description of construction works to be performed
5. Contract Sum and Payment Terms: Total contract value, payment schedule, and payment conditions
6. Commencement and Completion: Project timeline, start date, completion date, and provisions for extensions
7. Builder's Obligations: Key responsibilities and warranties provided by the builder
8. Buyer's Obligations: Key responsibilities of the buyer, including site access and payments
9. Variations: Process for requesting, approving, and executing changes to the scope of work
10. Quality and Standards: Construction standards, materials quality, and compliance requirements
11. Inspections and Certifications: Stages of inspection, approval processes, and certification requirements
12. Defects Liability: Defects liability period, rectification process, and warranties
13. Insurance and Indemnity: Required insurance coverage and indemnification provisions
14. Default and Termination: Events of default, remedies, and termination procedures
15. Dispute Resolution: Process for resolving disputes, including mediation and arbitration
16. General Provisions: Standard legal provisions including notices, governing law, and assignment
1. Environmental Requirements: Specific environmental obligations and compliance requirements for environmentally sensitive projects
2. Heritage Considerations: Special provisions for construction involving heritage buildings or sites
3. Security of Payment: Additional payment security measures for high-value projects
4. Performance Bond: Requirements for performance bonds in larger commercial projects
5. Provisional Sums: Allocation and handling of provisional sums for uncertain aspects of the work
6. Subcontracting: Provisions governing the appointment and management of subcontractors
7. Intellectual Property: Protection of designs, plans, and other intellectual property when custom designs are involved
1. Schedule 1 - Construction Plans and Specifications: Detailed architectural and engineering drawings, technical specifications
2. Schedule 2 - Bill of Quantities: Itemized list of materials, quantities, and prices
3. Schedule 3 - Construction Timeline: Detailed project schedule with milestones and critical paths
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment stages and amounts
5. Schedule 5 - Permits and Approvals: List of required permits, approvals, and certificates
6. Schedule 6 - Material Specifications: Detailed specifications for materials to be used
7. Schedule 7 - Special Conditions: Any special requirements or conditions specific to the project
8. Appendix A - Site Plan: Detailed plan showing construction site boundaries and access
9. Appendix B - Insurance Certificates: Copies of required insurance policies
10. Appendix C - Builder's Licenses and Certifications: Copies of builder's relevant licenses and certifications
Authors
Construction
Real Estate
Property Development
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure Development
Architecture and Design
Legal
Construction
Project Management
Procurement
Quality Control
Property Development
Contracts Administration
Risk Management
Technical Services
Operations
Construction Manager
Project Manager
Contract Administrator
Legal Counsel
Property Developer
Building Surveyor
Quantity Surveyor
Architect
Civil Engineer
Construction Site Supervisor
Procurement Manager
Quality Control Manager
Development Director
Real Estate Manager
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