Definition
A formal (written) document that defines the terms and covenants of agreement between stakeholders. Project financing agreements may be between financiers, developers, and contractors. Agreements to contract or subcontract work could involve developers, contractors, and subcontractors. Insurers may negotiate insurance agreements with financiers, developers, contractors, or subcontractors.
Source(s)
Adapted from Asian Development Bank (ADB), "Project Glossary," accessed in 2022, View the Website.