A Construction Deposit Agreement is essential for major construction projects in Hong Kong, providing security against contractor default or non-performance. This document is typically used when a significant construction project requires financial security, establishing the framework for how the deposit will be held, managed, and eventually released. It must comply with Hong Kong's construction industry regulations, banking laws, and security registration requirements. The agreement includes detailed provisions for deposit calculation, holding arrangements, release conditions, and dispute resolution mechanisms specific to Hong Kong's legal system. It's particularly important for projects where substantial funds are involved and where multiple stakeholders need assurance about the security of their interests.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and defines the parties to the agreement - typically the depositor (contractor/developer) and the deposit holder
2. Background: Explains the context of the construction project and purpose of the deposit arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation
4. Deposit Amount and Payment: Specifies the deposit amount, payment method, and timing of payment
5. Purpose and Nature of Deposit: Defines what the deposit secures and its legal characterization
6. Holding of Deposit: Details how and where the deposit will be held, including any interest arrangements
7. Conditions for Release: Specifies the circumstances and conditions under which the deposit will be released
8. Rights to Draw on Deposit: Outlines when and how the deposit holder may utilize or draw upon the deposit
9. Obligations of the Parties: Lists the ongoing obligations of both the depositor and deposit holder
10. Default and Remedies: Describes events of default and available remedies
11. Term and Termination: Specifies the duration of the agreement and termination provisions
12. Dispute Resolution: Details the process for resolving disputes
13. General Provisions: Contains standard boilerplate clauses including notices, amendments, governing law, etc.
1. Interest Provisions: Required when the deposit will earn interest and details how interest will be handled
2. Security Trustee Provisions: Needed when a security trustee is appointed to hold the deposit
3. Multiple Project Provisions: Required when the deposit covers multiple construction projects
4. Step-in Rights: Needed when lenders or other parties have rights to step into the position of the depositor
5. Insurance Requirements: Required when specific insurance coverage is linked to the deposit arrangement
6. Cross-Default Provisions: Needed when the deposit agreement is linked to other project documents
7. Currency Provisions: Required for projects involving multiple currencies
1. Schedule 1 - Project Details: Details of the construction project(s) covered by the deposit
2. Schedule 2 - Deposit Calculation: Formula or methodology for calculating the deposit amount
3. Schedule 3 - Release Milestones: Detailed description of project milestones triggering deposit release
4. Schedule 4 - Form of Notice: Standard forms for various notices under the agreement
5. Schedule 5 - Bank Account Details: Details of the account where the deposit will be held
6. Appendix A - Required Documents: List of documents required for deposit release
7. Appendix B - Contact Details: Contact information for key personnel and authorized representatives
Find the exact document you need
Home Builder Agreement
A Hong Kong-governed agreement between a homeowner and builder for residential construction work, outlining construction terms, obligations, and compliance requirements.
Download
Contractor To Contractor Agreement
A Hong Kong law-governed agreement establishing terms and conditions between two independent contractors or businesses for the provision of services.
Download
Agreement And Conditions Of Contract For Building Works
A Hong Kong law-governed contract establishing terms and conditions for building works between employer and contractor, setting out rights, obligations, and project execution framework.
Download
Construction Supervision Agreement
A Hong Kong-compliant agreement establishing terms for professional construction supervision services, including responsibilities, authority, and regulatory compliance requirements.
Download
Home Construction Contract
A Hong Kong-governed contract for residential construction work, establishing terms between homeowner and contractor, including work specifications, payments, and regulatory compliance.
Download
Residential Building Contract Agreement
A Hong Kong law-governed contract for residential construction works between property owners and contractors, outlining construction terms, responsibilities, and compliance requirements.
Download
Contract For Builder And Client
A comprehensive construction agreement between builder and client under Hong Kong law, outlining terms, conditions, and obligations for building works.
Download
Construction SOW
A Hong Kong law-governed document that defines the detailed scope and requirements for construction projects, ensuring compliance with local building regulations.
Download
Construction Payment Receipt
A formal receipt document for construction payments in Hong Kong, providing legal evidence of payment settlement under Hong Kong construction law.
Download
Home Construction Agreement
A Hong Kong-governed agreement between homeowner and contractor for residential construction works, detailing project specifications, obligations, and compliance requirements.
Download
Contract For Agency Agreement
A Hong Kong law-governed agreement establishing and regulating the commercial relationship between a principal and their appointed agent, defining authority, rights, and obligations.
Download
Standard Builders Contract
A Hong Kong law-governed construction contract establishing terms between employer and contractor for building projects, incorporating local building regulations and industry requirements.
Download
New Client Intake Form
A Hong Kong-compliant intake form for gathering essential client information and establishing new business relationships in accordance with local regulations.
Download
Holiday Confirmation Letter From Employer
A formal employer-issued document under Hong Kong law confirming approved employee holiday or leave arrangements.
Download
Contract For Consulting Services
A Hong Kong law-governed agreement establishing terms and conditions for consulting services provision, including scope, deliverables, and payment terms.
Download
Construction Demand Letter For Payment
A formal payment demand letter for construction work in Hong Kong, compliant with local construction law and SOPL requirements.
Download
Basic Construction Contract
Standard construction contract template for Hong Kong construction projects, compliant with local building regulations and industry requirements.
Download
Pre Cohabitation Agreement
A Hong Kong law-governed agreement establishing property rights and financial responsibilities between unmarried couples planning to live together.
Download
Standard Contractor Agreement
A Hong Kong law-governed agreement establishing terms and conditions between a company and an independent contractor.
Download
Project Management Agreement
A Hong Kong law-governed agreement defining the terms and conditions for professional project management services, including scope, responsibilities, and deliverables.
Download
Build Own Transfer Agreement
A Hong Kong law-governed agreement establishing terms for private sector construction, ownership, and eventual transfer of infrastructure to government, including construction, operation, and transfer phases.
Download
Construction Equipment Lease Agreement
A Hong Kong law-governed agreement setting out terms for construction equipment leasing, including operational, financial, and compliance requirements.
Download
Construction Deposit Agreement
A Hong Kong law-governed agreement establishing terms for managing and releasing construction project security deposits.
Download
Construction Service Agreement
A Hong Kong law-governed agreement setting out terms and conditions for construction services, including scope, payment, timeline, and compliance with local construction regulations.
Download
Construction Non Disclosure Agreement
Hong Kong-governed non-disclosure agreement specifically designed for construction projects, protecting confidential information between multiple construction industry stakeholders.
Download
Construction Loan Agreement
A Hong Kong law-governed agreement establishing terms for construction project financing, including loan facilities, drawdown conditions, and construction requirements.
Download
Construction Equipment Rental Agreement
A Hong Kong law-governed agreement setting out terms and conditions for construction equipment rental, including safety compliance and operational requirements.
Download
Construction Employment Contract
Hong Kong-compliant employment contract for construction industry workers, addressing industry-specific requirements and safety regulations.
Download
Remittance Letter
A Hong Kong-compliant formal instruction to banks for transferring funds, containing sender, beneficiary, and transaction details in accordance with local banking regulations.
Download
General Contractor Agreement
A Hong Kong law-governed agreement between property owner/developer and general contractor establishing terms for construction works.
Download
Contractor Contract
Hong Kong-governed agreement establishing and regulating the relationship between a company and an independent contractor, defining services, terms, and obligations.
Download
Owner Authorization Letter
A Hong Kong law-governed document authorizing a designated representative to act on behalf of a property owner for specified purposes.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)