Construction

 

Role Of Contract Administrator

The contract administrator is responsible for administering construction standard contracts in the construction industry. The contract administrator could also be the project architect, lead consultant, cost consultant, specialist consultant, client representative or employer’s agent, project manager, or engineer. On a construction management contract, the position of contract administrator may be assigned to the construction manager, […]

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Forward Funding Development Agreement

A forward funding development agreement (also known as A Development Finance Agreement) is established when the financier of a building’s construction offers interim funds to enable development. It allows investors to obtain a fixed rate of return on their investments. Upon completion, the buyer makes a final balance payment on the property’s value, from which […]

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