When an employer hires a contractor for construction works or when a contractor hires a subcontractor for a specific part of the construction project, they sign a contract with each other which is known as the construction agreement. In this agreement, the employer and the contractor describes what they are supposed to do in order to complete the project including the specifics of the project and the payment from the employer. A written agreement can take a while depending on the size of the project and if the employer and the contractor don’t want to waste any time, they start the work with the letter of intent. This letter is sent from the employer to the contractor or from the contractor to a subcontractor.
Brief Description of Construction Letter of Intent:
As it’s said above that when an employer hires a contractor for construction purpose, they enter in the agreement in order to protect the rights of each other and provide the responsibilities according to the agreement but this agreement can take days and even weeks before completion. If the employer wants the contractor to start the work right away without waiting for the agreement to be completed and arrived, he writes the letter of intent and sends it to the contractor. According to this letter, the employer accepts that he has hired the contractor for the construction services that are described mildly in the letter.
Usually people don’t go with the letter of intent because it doesn’t have any legal value as compared to the proper construction agreement but in case an employer goes with the letter of intent, more chances are that they will never sign the construction agreement because signing and sending a letter of intent shows trust on the contractor and thus, the people who have trust on each other, don’t bother to go through the trouble of creating the proper and legal construction agreement once they sign the letter of intent for construction.
Here is preview of a Sample Construction Letter of Intent prepared by us to help you get started with this task,
Here is download link for this Sample Construction Letter of Intent,
Sample Letter of Intent to Purchase Property Buying real estate property is a very long and complicated process in which the parties can spend days or even weeks before mutually agreeing to the terms and conditions of the purchase or sale. In order to make sure that when a buyer gives an offer to the seller about buying his property, no party will back out of the deal after they start the negotiation, the buyer is asked to send […]
Sample Letter of Intent to Purchase a Business When two parties start negotiating on buying or selling a business, it can take weeks and months to finalize the things and agree on mutual terms. During this time, each party has his fears that what would happen if the other party backs out of the negotiation and all the work done goes to the ground. In order to make sure that once negotiation is started, no party back out, all the […]
Sample Letter of Intent to Vacate When a tenant wants to leave a place i.e. an apartment because he is moving to another place in the same city or he is going to another city for employment purposes, he is legally required and obligated by the law and the rental agreement or lease to inform the landlord or building manager about his intentions prior to a certain time period i.e. 1 week, 15 days or 1 month. The letter […]
Letter of Intent for College It is pretty clear and very obvious that the students who want to enter in a college in order to continue their studies send a letter of intent for college. This letter of intent shows the intentions of the students who want to enter in a specific college and they let the administration of that college know about their decision of entering in a particular session in the college. This […]
Sample Letter of Intent Letter of intent is also called a cover letter for your resume which explains that a letter of intent is a letter which you send with your resume while applying for a job. This letter explains why you are interested in the job and what makes you eligible for the job and what are the qualities that make you different among other applicants. It also shows the abilities and skills you […]