Letter of intent—construction—employer friendly

Published by a ½Û×ÓÊÓÆµ Construction expert
Precedents

Letter of intent—construction—employer friendly

Published by a ½Û×ÓÊÓÆµ Construction expert

Precedents
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From: [insert name of Employer (the ‘Employer’)]

To: [insert name of Contractor (the ‘Contractor’)]

Date: [insert date]

Dear [insert name of Contractor]

[insert full project name and/or description/location of the works] (the ‘Works’)

    1. 1

      We refer to your tender ([insert reference]) dated [insert date] and to [insert details of subsequent correspondence and any other specific documents containing details of the Works].

    1. 2

      We are pleased to inform you that, subject to terms being agreed between us, it is our intention to accept your offer (contained in the documents referred to in paragraph 1 above) and enter into a contract with you for the carrying out of the Works.

    1. 3

      It is intended that the form of contract will be based on the [insert form of proposed contract], as amended by a schedule of amendments and annexures as attached to this letter (together the ‘Contract’). The Contract will also incorporate the following documents:

      [insert proposed Contract Documents]

      (the ‘Contract Documents’)

      The following items are not yet agreed:

      [insert items still to be agreed]

      These items do not form part of

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Jurisdiction(s):
United Kingdom
Key definition:
Letter of intent definition
What does Letter of intent mean?

Letters of intent are preliminary agreements that precede substantive contract negotiations. They are also referred to as: heads of agreement or heads of terms, memorandum of understanding; pre-contract protocol or term sheet. They provide an outline of the commercial deal agreed between the proposed parties to a contract rather than detailing the finer points.

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