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A development agreement is a contract where a developer commits to procure construction works for a party, outlining obligations related to cost, quality, and timelines, along with property interest transfer. A development funding agreement, or forward funding agreement, involves financing for a construction project, allowing developers to receive interim support, typically providing investors with a fixed return on their investment. Project development agreements (PDAs) are utilized in urban regeneration, giving the government landowner control of the development area while permitting developers to defer payment and land acquisition. Joint development agreements (JDAs) involve collaboration between parties for land and project development.
