The Project Confirmation Letter is widely used in Singapore's business environment when parties need to formalize project arrangements without the complexity of a full contract. It typically follows preliminary discussions or proposal acceptance and precedes project commencement. This document includes essential project details, commercial terms, and execution parameters, providing sufficient legal protection while maintaining business efficiency. The Project Confirmation Letter is particularly valuable for time-sensitive projects or when parties have established business relationships and require streamlined documentation under Singapore's legal framework.
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1. Project Reference: Unique identifier for the project and reference to prior communications
2. Project Scope: Clear description of deliverables and work to be performed
3. Timeline: Key dates, milestones, and completion deadline
4. Commercial Terms: Pricing, payment terms, and payment schedule
5. Key Contact Persons: Project leads and authorized representatives from both parties
1. Change Management: Process for handling scope changes, use when project is complex or lengthy
2. Performance Metrics: KPIs and quality standards, include for performance-based projects
3. Resource Allocation: Team structure and resources, relevant for large projects
4. Risk Management: Risk allocation and mitigation strategies, important for high-risk projects
1. Detailed Scope of Work: Technical specifications and detailed project requirements
2. Price Schedule: Detailed breakdown of costs and payment milestones
3. Project Timeline: Gantt chart or detailed project schedule
4. Team Structure: Organization chart and key personnel CVs if relevant
Relevant legal definitions
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