Contractor's Certificate (Construction Loan) | Practical Law

Contractor's Certificate (Construction Loan) | Practical Law

A certificate given to a construction lender from the borrower's general contractor or construction manager as a condition precedent to the borrower receiving the initial advance under a construction loan. This Standard Document is drafted to favor the construction lender but includes integrated notes which provide helpful drafting guidance and negotiation tips for the contractor and its counsel.

Contractor's Certificate (Construction Loan)

Practical Law Standard Document w-002-8668 (Approx. 20 pages)

Contractor's Certificate (Construction Loan)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A certificate given to a construction lender from the borrower's general contractor or construction manager as a condition precedent to the borrower receiving the initial advance under a construction loan. This Standard Document is drafted to favor the construction lender but includes integrated notes which provide helpful drafting guidance and negotiation tips for the contractor and its counsel.