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Letter Of Intent To Award Construction Contract
"I need a Letter Of Intent To Award Construction Contract for a £5 million commercial office development in Manchester, with preliminary works to commence in March 2025 and authority to spend up to £500,000 before the main contract is signed."
1. Recipient Details: Full name, position, and address of the intended contractor
2. Project Identification: Clear identification of the project including location and scope
3. Intent Statement: Clear statement of intention to award the contract subject to conditions
4. Contract Value: Proposed contract sum or estimated value
5. Timeline: Expected start date and duration of works
6. Conditions Precedent: Conditions that must be met before formal contract award
1. Preliminary Works Authorization: Authorization to commence specific preliminary works before formal contract execution
2. Payment Terms for Preliminary Works: Terms for payment during the LOI period when preliminary works are authorized
3. Insurance Requirements: Specific insurance requirements for preliminary period when works are authorized prior to formal contract
1. Scope of Works: Detailed description of the works to be undertaken
2. Program of Works: Preliminary timeline and key milestones
3. Price Breakdown: Detailed breakdown of the contract sum
4. Draft Contract: Copy of the proposed main contract to be executed
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