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Real Estate Construction Contract Template for Philippines

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Key Requirements PROMPT example:

Real Estate Construction Contract

"I need a Real Estate Construction Contract for a 20-story commercial building project in Makati City, Philippines, with a project value of PHP 500 million and expected completion in March 2025, involving multiple subcontractors and requiring LEED certification."

Document background
The Real Estate Construction Contract is a vital legal instrument used in the Philippine construction industry to formalize the relationship between property owners/developers and contractors. This document is essential when undertaking any significant construction project, whether residential, commercial, or industrial. It must comply with various Philippine regulations including the Civil Code, National Building Code (PD 1096), Contractor's License Law (RA 4566), and local government requirements. The contract typically includes detailed specifications, payment schedules, completion timelines, quality standards, and risk allocation provisions. It's particularly important in the Philippine context due to specific local requirements for permits, environmental compliance, and labor regulations. The document serves as the primary reference point for project execution and dispute resolution throughout the construction process.
Suggested Sections

1. Parties: Identification of the Owner/Employer and the Contractor, including their complete legal names, addresses, and registration details

2. Background: Context of the construction project, including brief description of the property and purpose of the construction

3. Definitions: Detailed definitions of terms used throughout the contract

4. Scope of Work: Detailed description of the construction work to be performed, including general and specific requirements

5. Contract Price: Total cost of the project, payment terms, schedule of payments, and payment conditions

6. Project Timeline: Construction schedule, completion date, milestones, and provisions for extensions of time

7. Contractor's Obligations: Detailed responsibilities of the contractor including labor, materials, equipment, and compliance with laws

8. Owner's Obligations: Responsibilities of the property owner including site access, permits, and approvals

9. Quality Standards: Required quality of materials and workmanship, inspection procedures, and acceptance criteria

10. Variations and Changes: Procedures for handling changes to scope, pricing, or timeline

11. Health and Safety: Safety requirements, compliance with regulations, and accident prevention measures

12. Insurance and Bonds: Required insurance coverage and performance bonds

13. Warranties and Defects Liability: Warranty periods, defect remediation procedures, and maintenance obligations

14. Termination: Grounds and procedures for contract termination by either party

15. Dispute Resolution: Procedures for handling disputes, including mediation and arbitration provisions

16. General Provisions: Standard contractual clauses including notices, governing law, and entire agreement

Optional Sections

1. Intellectual Property Rights: Required when the project involves unique designs or proprietary construction methods

2. Environmental Compliance: Needed for projects requiring specific environmental permits or management plans

3. Financing Arrangements: Included when specific project financing terms need to be documented

4. Force Majeure: Detailed provisions for handling unforeseen events, particularly relevant in areas prone to natural disasters

5. Subcontractor Provisions: Required when subcontracting is permitted and needs to be regulated

6. Local Community Relations: Important for large projects affecting local communities or requiring community engagement

7. Materials Storage and Security: Needed for projects with significant material storage requirements or security concerns

8. Utilities and Temporary Facilities: Required when specific arrangements for utilities during construction need to be detailed

Suggested Schedules

1. Schedule A - Construction Drawings and Specifications: Detailed technical drawings, architectural plans, and construction specifications

2. Schedule B - Bill of Quantities: Itemized list of materials, quantities, and unit prices

3. Schedule C - Payment Schedule: Detailed breakdown of payment milestones and amounts

4. Schedule D - Construction Timeline: Detailed project schedule with milestones and critical path activities

5. Schedule E - Quality Assurance Plan: Specific quality control procedures and acceptance criteria

6. Schedule F - List of Approved Materials: Specifications and brands of approved construction materials

7. Schedule G - Forms and Certificates: Standard forms for variations, completion certificates, and other project documents

8. Schedule H - Insurance Requirements: Detailed insurance specifications and coverage requirements

9. Schedule I - Safety Management Plan: Detailed health and safety procedures and requirements

10. Schedule J - Permits and Licenses: Copies of all required permits, licenses, and regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















































Clauses




































Relevant Industries

Real Estate Development

Construction

Architecture and Design

Engineering

Property Management

Infrastructure Development

Commercial Property

Residential Property

Industrial Development

Hospitality

Retail

Healthcare Facilities

Educational Facilities

Relevant Teams

Legal

Operations

Construction

Project Management

Property Development

Procurement

Finance

Risk and Compliance

Technical Services

Quality Assurance

Business Development

Contract Administration

Relevant Roles

Project Manager

Construction Manager

Legal Counsel

Contract Administrator

Property Developer

Real Estate Manager

Architect

Civil Engineer

Quantity Surveyor

Site Supervisor

Procurement Manager

Risk Manager

Compliance Officer

Development Director

Construction Director

Chief Executive Officer

Chief Operating Officer

Financial Controller

Technical Director

Operations Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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