A design build agreement is one that is entered into between two parties where in one is the property owner and the other is the builder company. In this type of design build projects many builder companies are invited to make a presentation along with a quotation for the completion of the project. On complete review the builder company that meets the specifications and cost criteria specified by the property owner gets the design and build project.
The subsequent agreement that is entered into between the property owner and the builder company is the design and build agreement. This agreement has many important details associated with the project such as location of the project, area in square meters, cost of the project per square meter, name and qualifications of design consultant, name and qualifications of construction engineer etc. Apart from these even specific details such as demolition if any, landscaping, fire alarms systems installation, mechanical systems, plumbing systems, electrical systems and telecom systems are specified in the agreement.
DESIGN BUILD AGREEMENT
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