Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🏠 Collateral warranty

Why use a 🏠 Collateral warranty?

A 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.

The Construction Manager's Collateral Warranty (To Funder) is a legal document that establishes a contractual connection between a construction manager and a funder in the context of a construction project in the United Kingdom. This template outlines the agreement and obligations of the construction manager to provide assurances to the funder regarding the quality of the construction work being carried out. It covers various provisions, including warranties, guarantees, and indemnities to protect the funder's financial interests and ensure compliance with applicable laws and regulations. The document also outlines the construction manager's liabilities, limitations, and timeframes for any potential claims arising from the project. This legal template serves as an important risk management tool, safeguarding the financial interests of the funder and ensuring the construction manager's accountability during the course of the project.

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