A Letter of Intent (Construction) under UK law, is a legal template used for outlining the preliminary agreements and intentions between two parties involved in a construction project.
This document serves as a non-binding agreement that sets out the main terms and conditions for the project before a formal contract is established. It typically includes key details such as project objectives, scope of work, timeline, pricing, and any other relevant conditions agreed upon by the parties involved.
This letter aims to establish a commitment between the parties and enables them to commence work on the project while the final contract is being prepared. While it is not legally binding, the Letter of Intent helps in providing a framework and clarity for the overall project, ensuring both parties are on the same page.