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View the related checklists about Parent company guarantee (PCG)

Drafting a building contract/schedule of amendments—checklist

Drafting a building contract/schedule of amendments—checklist Once the procurement route and form of building contract has been selected (see Practice Note: Choosing the right procurement method—construction projects) the employer should consider the following matters and incorporate the appropriate drafting in the building contract particulars and schedule of amendments. This Checklist assumes that the parties are using a standard form of building contract, such as a JCT form, and that the employer is proposing the first draft including the completed contract particulars and a schedule of amendments, which amends the standard terms. This list is not exhaustive, however, and there may be other project specific matters/risks that need to be taken into account: Contractual matters • Carry out due diligence on the contractor The employer needs to carry out due diligence on the contractor at the outset to determine whether its financial position is acceptable. Confirm the contractor’s company number and name at Companies House. • Obtain consultants’ details Confirm the full details of the consultants engaged by the employer; some...

View the related precedents about Parent company guarantee (PCG)

Parent company guarantee—employer friendly

Parent company guarantee—employer friendly This Guarantee is made the [insert number] day of [insert month] 20[insert year] Parties 1 [insert name] (Company No. [insert number]) of/whose registered office is at [insert address] (the ‘Guarantor’); and 2 [insert name] (Company No. [insert number]) of/whose registered office is at [insert address] (together with its successors and assigns, the ‘Employer’). Background (A) By a contract dated [insert date] (‘the Contract’) and made between (1) the Employer and (2) [insert name] (‘the Contractor’), the Contractor has agreed to execute and complete certain works (‘the Works’) upon the terms and conditions contained in the Contract. (B) Pursuant to the terms of the Contract, the Contractor has agreed to procure the provision of a guarantee in the terms hereof (the ‘Guarantee’). The Contractor is a wholly owned subsidiary of the Guarantor. (C) At the request of the Contractor, the Guarantor has agreed to guarantee performance of the Contract by the Contractor. It is hereby agreed as follows: 1 In consideration of the Employer entering...

Project lawyers’ completion documents list—waste to energy projects (merchant)—template

Project lawyers’ completion documents list—waste to energy projects (merchant)—template PROJECT DETAILS PROJECT NAME: [insert name of project] CLIENT: [insert name of client] [Insert name of firm] PROJECT LEAD: [insert name of client/lead partner] PROJECT PARTIES PROJECT PARTY DETAILS Account Bank(s) [insert name of Account Bank] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Account Bank] Agent [insert name of Agent] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Agent] Architect [insert name of Architect] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Architect] Arrangers [insert name of Arrangers] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Arrangers] Construction Contractor [insert name of Construction Contractor] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Construction Contractor] Construction Contractor Parent Company [insert name of Construction Contractor Parent Company] (Company Registration No. [insert number]) whose registered office is at...