A contract in which one of the parties, as the owner of the land or property, provides the other party with a place to build a new building. According to this contract, both parties share ownership of the new building.
The ownership percentage of the owner and builder is determined based on factors such as geographic location, site quality, and builder's reputation, and is agreed upon by the parties to the contract.
Several factors are considered when determining ownership percentages.
Prime urban positioning significantly impacts the partnership value.
Site proportions and utility influence the final agreement.
Quality of the approved design and compliance with standards.
Proven track record and technical capabilities of the builder.
Standards of materials used throughout construction.
Total cost of construction including labor and materials.
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