Construction Letter of Intent Mobile App
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The Construction Letter Of Intent is a letter template that substantiates an intent to enter into a Firm Lump Sum Contract with a Subcontractor.
How does it work?
The letter states that the contractor agrees to perform all subcontracted work in accordance with the specifications and drawings that have been provided, and lists the all-inclusive payment including all applicable sales and use taxes, for the complete performance of the work as specified. The letter details the expected schedule of what she be submitted with calendar day deadlines - this covers all specified data for Approval to General Contractor, all "Certified" data, delivering materials and equipment to the jobsite and beginning work, and completion of all on-site work and delivery of a complete and fully operational Facility to the General Contractor. The letter is then signed and accepted.