Construction Manager Collateral Warranty (To Purchaser/Tenant)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
🏠 Collateral warrantyBusiness activity
Create collateral warrantyA collateral warranty is a separate agreement between the contractor and the employer that sets out additional terms and conditions relating to the works. The collateral warranty will often contain provisions relating to the quality of the works, the performance of the contractor, the liability of the contractor, and the indemnity of the employer. The collateral warranty will also contain a clause specifying that the agreement is collateral to the main contract and that it will remain in force even if the main contract is terminated.
This document serves as an agreement between the construction manager and the purchaser/tenant and ensures that the construction manager accepts liability for any defects, faults, or breaches in the construction work. It provides assurance to the purchaser/tenant that the construction project will be completed in accordance with the agreed-upon specifications and will meet the necessary standards and regulations.
The template typically includes provisions related to the scope of services to be provided by the construction manager, the standards and quality of work to be maintained, and specific obligations such as the provision of warranties and guarantees for the completed construction work.
Additionally, the template may detail the process for notifying and rectifying any defects or failures, as well as the procedures for handling disputes or claims arising from the construction project. It may also include provisions to limit the liability of the construction manager, specify the governing law, and outline the mechanisms for resolving any contractual disputes.
Overall, the Construction Manager Collateral Warranty (To Purchaser/Tenant) template is a crucial legal document that helps establish a clear and binding agreement between the construction manager and the purchaser/tenant, ensuring accountability and protection for all parties involved in the construction project under UK law.
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