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The Development Management Agreement is a crucial document used when a property owner or developer wishes to engage professional expertise to manage their development project in Nigeria. This agreement is particularly important in the Nigerian context where navigating local regulations, managing stakeholders, and ensuring project success requires specialized knowledge and experience. The document sets out the complete framework for the development manager's appointment, including their scope of services, authority levels, fees, and obligations while ensuring compliance with Nigerian laws including the Urban and Regional Planning Act, Environmental Impact Assessment Act, and local building codes. It is commonly used for large-scale commercial, residential, or mixed-use developments where professional project oversight is essential for successful delivery.

1. Parties: Identification of the property owner/developer and the development manager, including their registered addresses and company details

2. Background: Context of the development project, purpose of the agreement, and brief description of the property

3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation

4. Appointment and Term: Formal appointment of the development manager, duration of the agreement, and any renewal terms

5. Scope of Services: Detailed description of development management services to be provided

6. Development Manager's Obligations: Key responsibilities, duties, and standard of care required

7. Client's Obligations: Responsibilities of the property owner/developer, including provision of information and approvals

8. Decision Making and Approvals: Process for obtaining approvals, authority limits, and decision-making hierarchy

9. Fees and Payment Terms: Development management fees, payment schedule, and expenses

10. Project Budget and Cost Control: Budget management, cost reporting, and control procedures

11. Performance Standards: Key performance indicators and quality standards

12. Regulatory Compliance: Compliance with Nigerian laws, permits, and approvals requirements

13. Risk Management: Risk allocation, insurance requirements, and indemnities

14. Termination: Grounds for termination, termination process, and consequences

15. Dispute Resolution: Process for resolving disputes, including arbitration provisions under Nigerian law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law