Construction Legislation Project 2022

Running head: CONSTRUCTION LEGISLATION
CONSTRUCTION LEGISLATION
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CONSTRUCTION LEGISLATION1
Table of Contents
Critical Analysis of Construction Legislation System...............................................................2
References..................................................................................................................................6

CONSTRUCTION LEGISLATION2
Critical Analysis of Construction Legislation System
Letter of intent specifically refers to that document, which carries the intention of
entering into the contract referring to future times. The future presence does not contain any
of the relationship related to contractual statements (Hughes, Champion and Murdoch, 2015)
A letter of intent particularly does not intend to mean, “Agreement to agree”.
However, it is important for the Construction companies to bear with the fact within
their brain that, “letter of intent” refers to a specific term only for the convenient procedure,
which is related to commercial purposes. The term does not even carry a substantive legal
meaning. Letter of intents, most commonly refer to the time they are sent in anticipated as a
form where the recipient will be incurring all of the related costs as well as that of the
overheads (Burr, 2016). On the other hand, they can be utilized as interim arrangements to
initiate the process of construction before the formal contract has been executed, however not
referring anything near to a full contract having placed a certain limit upon the expenditure of
the client along with that of the liabilities prior to the signing of the contract. For the letter of
intent to be taking place, it must have the inclusion of the essentials of a contract, the
agreement, intention as well as the consideration (Keane and Caletka, 2015).
A specific letter of Intent includes the following points to be addressed carefully,
i) Authorization of the client to the contract administrator for the representation.
ii) Acceptance and proper definition of the project.
iii) The contract sum, which has been agreed to upon.
iv) Possession date of the site.
v) Completion date within the contract.
vi) A detailed description of the proposed contract relying to the exact form.
vii) Access provision of the client as well as of the agents.