The contract empowers the developer to enter into contracts, receive work, settle contracts and generally to perform, up to the overall agreed price, on behalf of the project owner, all acts required for the completion of the programme.
However, the developer does not bind the project owner, by the loans it takes out or by the acts of disposal it enters into, except by virtue of a special mandate contained in the contract or in a subsequent act.
The project owner is bound to perform the commitments entered into in its name by the developer by virtue of the powers the latter has by law or by agreement.