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DEVELOPMENT MANAGEMENT AGREEMENT BETWEEN DOWNTOWN SAVANNAH AUTHORITY (“DSA “), THE MAYOR AND ALDERMEN OF THE CITY OF SAVANNAH, GEORGIA (City) AND EW MFR VENTURE I LLC (as “Development Manager

How to fill out development management agreement between

How to fill out development management agreement between

1. Begin by identifying the parties involved in the development management agreement. This includes the developer/company responsible for the project and the client/property owner.
2. Clearly define the scope of the agreement. Outline the specific development services that will be provided by the developer, such as project planning, design, construction, and management.
3. Specify the duration of the agreement. State the start and end date of the contractual period.
4. Include provisions regarding compensation and payment terms. Clearly state the amount and method of payment for the developer's services, as well as any additional expenses that may be reimbursed.
5. Define the responsibilities and obligations of each party. Outline the client's obligations, such as providing necessary documents and approvals, and the developer's obligations, such as completing the project within agreed timelines and budgets.
6. Include provisions for project changes and modifications. Specify how changes to the development plan will be handled, including any additional costs or delays that may arise as a result.
7. Address dispute resolution mechanisms. Include clauses that outline the process for resolving any disputes or disagreements that may arise during the course of the agreement.
8. Clearly state termination provisions. Include conditions under which either party can terminate the agreement, as well as any notice periods that must be given.
9. Include any additional clauses or provisions that are relevant to the specific project or agreement.
10. Finally, have both parties review the agreement thoroughly before signing. It is recommended to seek legal advice to ensure the agreement is legally binding and protects the interests of both parties.

Who needs development management agreement between?

1. Property owners who want to develop their land or property but lack the necessary expertise and resources to oversee the project themselves.
2. Property developers who have been contracted by property owners to manage the entire development process on their behalf.
3. Investors or financial institutions who are funding the development project and want to ensure proper management and oversight.
4. Government agencies or municipalities that require external expertise to manage and oversee large-scale development projects.
5. Architects, engineers, or other professionals involved in the development process who need a clear agreement outlining their role and responsibilities.

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