Assignment declaration of the construction financing to the general contractor

Yes Karsten, but with you many things went differently than usual, and the majority of the GUs now have this passage in it.

Be careful, because I cannot operate the GU myself. A few years ago, I read a post in the green forum where the GU simply drew the final installment themselves, and the builder then ran after their claims for defects without any leverage.

If the use of equity is not regulated in the loan agreement, ask the bank. Our bank (Commerz) didn't care when the loan and when the equity were contributed. Only the agreed equity had to be fully used, and the bank wanted the last installment to be fully paid.

And here is an addition. If the [GU] files for insolvency, the assignment remains valid. So you cannot simply continue building with another [GU] or the subs.

Yes, that is all clear to me, but I am not assuming that now.

Tell him, let's say xy I assign to you, nothing more, because I want to pay trades from the loan that you do not deliver. Tell him, "I have to trust you" that you build properly, you tell me that I will pay you correctly. You can offer a Schufa self-disclosure if necessary to support your claim to trust. Karsten