Landowners, developers, and investors commonly maximize profits by working together in the development of land. They develop land for residential, industrial, or commercial use. Consequently, the JCT design and build contract is popular in this respect.
Many companies have succeeded using this model. As a result, they now represent some of the largest housing and development businesses in the UK. Furthermore, the wealth of opportunity in development encourages smaller parties to develop their own land or purchase land from others for development.
While this may be a potentially lucrative investment, it can often become a money pit. Costs can spiral out of control, thus throwing the budget out the window. Unhappy customers result from late completion of plots, if the works are completed at all. Developers risk running out of money and selling the site to avoid insolvency and losing everything.
At Contract Rite, we are construction contract consultants. We work with all parties, from residential homeowners to developers and large commercial contractors, on projects ranging from £10K to £200 million.
Fair Contract
We believe that regardless of size, everyone should have the same opportunity for a fair contract. Moreover, you, as the client, should control the delivery of your project. Consequently, the JCT design and build contract is the most common standard form construction contract.
We help you procure your tradesmen, or multiple tradesmen if you are splitting down the packages. Additionally, we ensure a firm all-inclusive agreement is in place, thereby limiting the potential for unexpected costs and maintaining completion dates.
By working together, we give you control and prevent your development from spiralling out of control.
“I use Contract Rite to help me acquire houses to develop and add to my rental property portfolio. Contract Rite work with us to calculate property improvement estimates, helping us value property both at auction and when dealing with estate agents. Once properties are purchased Contract Rite draft contracts to our selected tradesmen, allowing for the works to commence. Their support and experience is invaluable.”