Our specialist team of construction law solicitors have extensive experience advising on the complexities of funder agreements. Some projects can be self-funding, which means that the earlier work stages generate enough revenue to fund the later work stages. However, in many cases, external finance will be required.
External financing of construction projects can take the form of loans, funds from shareholders, venture capital, grants, donations, subsidies, ‘crowdfunding’, and so on.
Project-based finance (or project-based lending PBL), is a system of financing a project in which the financial security is provided by the property being acquired or developed itself.
Our solicitors have an in depth understanding of a wide range of business sectors and the challenges they face including Funder Agreements. We recognise the risks and challenges that are confronted in the construction industry and our dedicated construction and engineering team provides cost-effective and tailored legal solutions.
Many of the provisions of the credit agreement for a property development project funding arrangement are similar to those found in a standard loan agreement. The following provisions should be carefully considered:
- Details of any covenants
- What happens in the event of default
- Drawdown requirements
- Purpose clause
- Terms of repayment
“The advice I was given was empowering and the personal service I received was reassuring and helped me look at my problem objectively.”
– Anne Bailey
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Construction Law Matters
The construction and engineering sectors are fast paced at times and there’s often uncertainty involved in various areas of work. High quality advice from an expert construction lawyer can play a key role. Whether you are dealing with construction documentation, procurement questions or a dispute, then a commercially focussed approach will save you time and money.
Construction law covers all aspects of the built environment, from infrastructure to commercial and residential buildings, offices, retail and manufacturing facilities. Every building and engineering project carries its own inherent challenges and risks, with little room for error. By adopting a collaborative approach, we can clearly identify goals and plan meticulously for most eventualities.
Our specialist lawyers are able to work with a wide range of clients within the construction and engineering sector including commercial and residential occupiers, contractors, sub-contractors, logistics companies, not-for-profit organisations, local authorities, developers, funding institutions, consultants and other construction professionals.
We are able to offer practical, commercial and industry focused advice on both non-contentious and contentious matters.
The services we can provide include, but not limited to:
- Collateral warranties, third party rights and reliance letters
- Commercial acquisitions
- Contaminated land
- Contract drafting
- Contract disputes
- Damages for wrongful termination
- Development agreements
- Due diligence audits for banks and other financial institutions
- Early work agreements
- Engineering contracts
- Environmental – hazardous waste/land
- Facility maintenance agreements
- Framework agreements
- Funder agreements
- Guarantees and bonds
- ICE contracts
- JCT contracts
- NEC contracts
- Overruns of time and/or cost
- Parent company guarantees
- Pre-construction services agreement
- Professional negligence
- Rights to cancel
- Service agreements
- Sub-contractor issues
- Termination of contracts
How we can help
Our aim is to resolve matters as swiftly as possible and our construction and engineering team can provide you with expert support. Whether you want general advice or strong action, we have the knowledge and experience to help you in the most effective way.
We have been involved in a wide range of construction and engineering matters, many of which have involved niche and unusual points of law.
We are able to explain clearly the legal issues and provide open, honest and professional advice, plus a range of funding options.
Get in touch
For a free initial discussion, simply call us on 0345 901 0445, or allow a member of the team to get back to you by filling in our online enquiry form. We are well known across the country and can assist wherever you are based. We also have offices based in Cheshire and London.