Document background
The Design Build Finance Contract is a sophisticated project delivery mechanism used in Australian infrastructure and construction projects where a single contractor assumes responsibility for design, construction, and financing arrangements. This approach is particularly valuable for complex projects where the principal seeks to transfer significant project risk and reduce interface issues between different project elements. The contract integrates various aspects of Australian construction law, financial services regulations, and security of payment legislation, making it suitable for major projects where streamlined project delivery and clear accountability are priorities. It typically includes detailed provisions for design standards, construction methodologies, financing arrangements, security requirements, and risk allocation, while ensuring compliance with Australian regulatory requirements and industry standards.
