The Property Development Contract serves as the primary legal instrument for managing construction projects in Singapore's highly regulated property development sector. This document is essential when undertaking any significant property development project, whether commercial, residential, or mixed-use. It incorporates crucial elements including construction specifications, regulatory compliance requirements, payment structures, and project timelines, all aligned with Singapore's Building Control Act and related legislation. The contract ensures all parties understand their obligations and protects their interests while maintaining compliance with Singapore's strict building and development standards.
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1. Parties: Identification and details of the developer and contractor
2. Background: Project context and purpose of the agreement
3. Definitions: Key terms used throughout the contract
4. Scope of Works: Detailed description of construction and development works
5. Contract Sum and Payment Terms: Price, payment schedule, and payment conditions
6. Project Timeline: Construction schedule, milestones, and completion dates
7. Obligations of the Parties: Responsibilities of developer and contractor
8. Warranties and Quality Standards: Construction and material quality guarantees
1. Green Building Requirements: Special provisions for projects seeking Green Mark certification, including environmental standards and sustainable construction practices
2. Smart Building Features: Specifications for smart technology integration and building automation systems
3. Phased Development: Terms and conditions for staged construction and progressive completion of different project phases
1. Schedule 1: Property Details: Land title, location, and site specifications
2. Schedule 2: Construction Drawings: Approved architectural and engineering plans
3. Schedule 3: Bill of Quantities: Detailed breakdown of materials and costs
4. Schedule 4: Construction Timeline: Detailed project schedule with milestones
5. Schedule 5: Technical Specifications: Detailed construction and material specifications
6. Appendix A: Permits and Approvals: Copies of regulatory approvals and permits
7. Appendix B: Insurance Requirements: Required insurance coverage details
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