Category: Letters of Intent

Shortest Ever Letter of Intent

Is this the shortest letter of intent you’ll ever need? Less than 500 words, although (admittedly) it is both sides of this bookmark! Find out how you can write and use a 500-word letter of intent in my book. You will learn about the four critical contents, how to avoid

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Which is Better: Letter of Intent or No Contract?

Sarah Schutte of Schutte Consulting joined me at a blab debate and discussed whether a letter of intent was better than ‘no contract’. We covered: the requirements for a contract, the critical contents for a workable legally binding letter of intent why bother with a contract, how a letter of

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Review the Risk in Using a Letter of Intent

Although there are a number of pitfalls with letters of intent, the key risk is that the full contract is never signed. A letter of intent is used to get the project started quickly, but it is only intended to be a temporary stop-gap. So why don’t the parties get

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When Letters of Intent Go Wrong: the Client Perspective

A letter of intent is a contract to start a construction project in the form of a letter. It may also confirm the sender’s intention to award the contract for the whole project to the recipient – the contractor. The purpose of a letter of intent is two-fold: (1) to

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Your Contract Strategy Should Be Deliberate

Contract strategy is just a fancy way of saying choosing the type of contract you want. There are various issues to take into account: your procurement strategy: traditional, design and build, prime cost, management contracting your payment strategy: lump sum, remeasurement, target price your risk strategy: pro-active or reactive; transfer,

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Using Letters of Intent

According to most professional bodies, you should ‘just say no’ when offered a letter of intent. However, the court recently said that it was not negligent to start a project under a letter of intent. So what advice is there on using letters of intent? One case (Cunningham v Collett)

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Is Your Letter of Intent a Contract?

There are five essentials for a contract: offer acceptance intention to create a contract consideration (the price or a promise) and certain & complete terms. A random bundle of letters will rarely be enough for a contract (the image is from Yorkshire Sculpture Park). Whether your letter of intent meets

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