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ARTICLE · 30 NOVEMBER 2021

Luxury developments: Contracting for success (Part 2)

Holding Redlich
Holding Redlich
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Holding Redlich

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Part 2 discusses the contracting phase of luxury development projects and ways in which the contractual framework works.

AustraliaReal Estate and Construction
Kirsty Smith
Kirsty Smith
Tarin Olsen
Tarin Olsen
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In the first part of this series, we discussed matters which luxury developers should consider before inviting contractors to tender on luxury development projects, including developing a clear overall vision and design intent for the project.

In this instalment, we discuss the contracting phase of luxury development projects and ways in which the contractual framework can work to ensure that the finished product achieves the developer's vision while limiting their exposure to risk.

The contracting phase

When entering into a contract for the construction of a luxury development, developers should keep in mind three key considerations:

  1. what specifications and documents should form part of the contract

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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