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The Construction Manager's Collateral Warranty (To Funder) is a legal document that establishes a contractual connection between a construction manager and a funder in the context of a construction project in the United Kingdom. This template outlines the agreement and obligations of the construction manager to provide assurances to the funder regarding the quality of the construction work being carried out. It covers various provisions, including warranties, guarantees, and indemnities to protect the funder's financial interests and ensure compliance with applicable laws and regulations. The document also outlines the construction manager's liabilities, limitations, and timeframes for any potential claims arising from the project. This legal template serves as an important risk management tool, safeguarding the financial interests of the funder and ensuring the construction manager's accountability during the course of the project.

This legal template is specifically designed to address the concept of a Construction Project Performance Bond under UK law. A Construction Project Performance Bond is a type of surety bond commonly used in the construction industry to ensure that a project is completed as per the agreed-upon terms and conditions.

This template outlines the essential components and obligations related to the construction project performance bond, focusing on the legal framework established by the UK. It addresses the roles and responsibilities of various parties involved, such as the obligee (usually the project owner or client), the principal (usually the contractor or developer), and the surety (an insurance or bonding company guaranteeing the bond).

The template further elaborates on the coverage and scope of the bond, including the financial limit, duration, and specific conditions that may trigger a claim. It also specifies the circumstances under which the obligee can demand performance, submit a claim, or make a termination decision.

Additionally, the template may cover the process for resolving disputes or disagreements, either through negotiation, mediation, or arbitration, as per UK law. It may also include provisions regarding any necessary notice periods, documentation requirements, or remedies available in case of breach of contract.

Overall, this legal template aims to provide a comprehensive framework for Construction Project Performance Bonds under UK law, ensuring transparent and enforceable agreements that protect the rights and interests of all parties involved in the construction project.