Document background
The Construction Development Agreement is a crucial document used in Malaysian construction projects to establish a legally binding relationship between developers and contractors. This agreement is particularly important in the Malaysian context where strict regulatory compliance is required under the Construction Industry Development Board (CIDB) regulations and various local authority requirements. The document is typically used when initiating major construction projects and includes detailed provisions for project execution, payment mechanisms, quality standards, and risk allocation. It must comply with Malaysian construction laws while protecting the interests of all parties involved. The agreement typically incorporates local industry practices and standards, making it essential for both domestic and international construction projects in Malaysia.
