The Development Management Agreement is a crucial document used in Pakistani real estate and construction projects where specialized expertise is required to manage complex development initiatives. This agreement is particularly relevant when property owners or developers wish to delegate the day-to-day management and coordination of development projects to professional development managers. The document addresses key aspects such as project oversight, coordination with contractors, compliance with local regulations, and achievement of development objectives. Under Pakistani law, it incorporates elements from various legislative frameworks including contract law, property law, and construction regulations. The agreement is structured to protect both parties' interests while ensuring efficient project delivery and compliance with local building codes and environmental standards.
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1. Parties: Identification and details of the property owner/developer and the development manager
2. Background: Context of the development project and the purpose of engaging the development manager
3. Definitions: Defined terms used throughout the agreement
4. Appointment and Scope: Formal appointment of the development manager and outline of services scope
5. Development Manager's Obligations: Detailed responsibilities and duties of the development manager
6. Client's Obligations: Responsibilities and duties of the property owner/developer
7. Project Timeline: Key milestones, phases, and completion dates
8. Fees and Payment Terms: Compensation structure, payment schedule, and reimbursable expenses
9. Reporting and Oversight: Requirements for progress reports, meetings, and project monitoring
10. Variations and Changes: Process for managing changes to scope, timeline, or budget
11. Risk Allocation: Distribution of risks between parties and risk management procedures
12. Insurance and Indemnity: Insurance requirements and indemnification provisions
13. Term and Termination: Duration of agreement and circumstances for termination
14. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions
15. Governing Law: Specification of Pakistani law as governing law and jurisdiction
1. Performance Guarantees: Additional security measures for project performance, used in high-value projects
2. Intellectual Property Rights: Protection of designs, plans, and other IP when significant intellectual property is involved
3. Environmental Compliance: Specific environmental obligations when project has significant environmental impact
4. Local Community Engagement: Provisions for community relations in socially sensitive projects
5. Force Majeure: Extended provisions for unforeseen circumstances, particularly relevant in long-term projects
6. Anti-Corruption Provisions: Detailed anti-corruption measures for projects with international stakeholders
7. Shariah Compliance: Additional provisions ensuring compliance with Islamic law principles where required
1. Schedule 1 - Project Description: Detailed description of the development project including plans and specifications
2. Schedule 2 - Services Scope: Comprehensive list of development management services to be provided
3. Schedule 3 - Fee Structure: Detailed breakdown of fees, including base fees, success fees, and reimbursables
4. Schedule 4 - Project Timeline: Detailed project program including milestones and deadlines
5. Schedule 5 - Key Personnel: List of key team members and their roles from both parties
6. Schedule 6 - Reporting Requirements: Ƶ and specifications for required reports and documentation
7. Schedule 7 - Property Details: Legal description and details of the development property
8. Schedule 8 - Required Approvals: List of required governmental and regulatory approvals
9. Appendix A - Forms and Ƶ: Standard forms for variations, reports, and other project documentation
10. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Relevant legal definitions
Clauses
Relevant Industries
Real Estate Development
Commercial Property
Residential Development
Industrial Development
Mixed-use Development
Infrastructure Development
Retail Development
Hospitality
Healthcare Facilities
Educational Institutions
Special Economic Zones
Urban Regeneration
Relevant Teams
Legal
Real Estate
Development
Project Management
Construction
Commercial
Planning
Operations
Investment
Asset Management
Risk Management
Compliance
Relevant Roles
Development Manager
Project Director
Real Estate Developer
Construction Manager
Property Development Executive
Legal Counsel
Contract Manager
Project Coordinator
Development Director
Investment Manager
Asset Manager
Property Manager
Planning Manager
Commercial Director
Chief Development Officer
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