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English Court of Appeal Decision in RTS Flexible Systems is a Reminder of Risks in Commencing Work Under a Letter of Intent |
June 29, 2009
It is not uncommon for parties in construction projects to commence work under a letter of intent, pending the negotiation and execution of a full written contract which sets out the detailed terms and conditions governing contract performance. Construction projects are often time and cost sensitive. For example, in the case of a design and build contract a contractor may wish to commence design and procurement tasks immediately upon the award of a project but before a final written contract has been negotiated and executed.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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