Lending & investment · Defined
Conditions precedent to funding
Requirements that must be satisfied before an advance or other contractual obligation becomes due.
Why it matters
Conditions can concern documents, equity, permits, insurance, or project status. Technical review is one input; the authorized funding party determines whether the applicable conditions have been met.
In practice
A project example
A completed inspection does not by itself satisfy a separate requirement for evidence of the owner’s contribution.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.