• 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 | Authors: David J. Howell; James Rogers
  • Law Firm: Fulbright & Jaworski L.L.P. - London Office
  • 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.