Project SPA stands for System Purchase Agreement, which is an agreement between a lending party and a customer. It is used to ensure that the project meets the requirements of the customer agreement. The SPA outlines the activities to be carried out, the works to be delivered, and the property that must be contributed or provided. It also includes details on Intellectual Property Rights (IPR) and project completion schedules.
It is used to identify potential customer support managers from the project and provide information on applicable SPA frameworks and available acquisition paths. The partner then assesses the suitability of the framework for the project's specific requirements.Project ownership refers to real estate on or for which pre-construction service or construction work is provided or will be provided. The project area is identified as the project site in the redevelopment contract.