Project contracts

Project contracts

In the context of project financing, the suite of agreements underlying the project.

Project Contract

An agreement between two or more parties to accomplish a certain goal in a certain way. For example, a project contract may take the form of an agreement between a builder and a property owner in which the builder agrees to build a house on the property by a certain time in a certain way, and, in exchange, the property owner makes certain remuneration. Project contracts are important to have in the event of a dispute.