Dundee Ducks

What Is A Lease Leaseback Agreement

14

Oct 21

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Is it time to move your projects to design-build or lease-lease? The best project delivery results in the construction industry are achieved when design professionals, contractors and owners work together from the beginning of a project to its completion. In a public building environment, school districts have two other project delivery options: design-build and lease-leaseback. These methods not only offer contractors and designers the opportunity to commit to a guaranteed maximum price (GMP) until a project is submitted to DSA, but also promote team collaboration from the start. So there you have it. The alleged end of McGee`s sale-leaseback cases. But on the other hand, with McGee, never say never. In shoot number one, James McGee sued the Unified School District for the validity of the lease-lease agreements the district had entered into with general contractor Balfour Beatty Construction, LLC. Projects can be delivered faster – with less chance of resulting in costly change orders – as these highly collaborative delivery methods lead to better and more efficient design and design processes. Sounds good, right? But if you`re considering design-build or rent-rent-pay back, you just know that these processes require a highly experienced landlord, clear goals, and a solid communication plan to succeed.

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