chapter  3
Development and forward funding agreements. Or: now, let’s really party!
Pages 19

Unless one is dealing with a developer, fully resourced and having no dependence on joint venture partners, banks, institutions or tenants, it should be assumed that the appointment of any professional adviser to a project will probably not be a free-standing, or at least freely negotiated, contract. The developer will thus have to have regard, if not to actual then to prospective requirements of the performance criteria to be contractually required by each of them. The landowner, funders and others, in turn, will be testing the quality, not only of the developer but particularly of those whom he engages for the construction of the project, and more particularly again the suitability of their respective terms of engagement.