Collateral Warranties & Third Party Rights - The Latest Guidance for Developers

Introduction

As the commercial property market gears back up again after a COVID-19-led battering in 2020, those looking to develop, or invest (whether by shares or by physical asset portfolio), should think about the benefits to them of taking collateral warranties and third-party rights (TPR).

Funding, forward-leases or -purchases and asset management all require security to protect the return on investment (ROI) and shore up future market value for the interest taken.

Short- and long-term needs must also be considered. The mechanics of forms of security can give assurance and comfort, as well as contractual means to take legal action for deficiency in performance or defects in structure or building services.

This webinar outlines the key principles of collateral warranties and TPR from a development, investment, and asset management perspective. We will map into these principles into the key risk items for beneficiaries to manage through contracts, including the UK’s NEC and JCT.

The webinar is designed for individuals who work in, advise on, or fund construction contracts and/ or are responsible for commercial, finance and contract administration of property or financial investments in projects.

What You Will Learn

This webinar will cover the following:

• Project security: why and how
• What do investors /developers/asset managers need in the short and long term?
• What makes a project attractive and stable?
• Key risk items for NEC and JCT contracts
• Summary of key takeaways

This webinar was recorded on 6th December 2021