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Letter Of Intent For Subcontractor
"I need a Letter of Intent for Subcontractor to engage ABC Electrical Services Ltd to commence urgent electrical installation works valued at £250,000 for our Manchester office renovation project, with work to start on 15 January 2025 while we finalize the full subcontract terms."
1. Parties' Details: Full legal names and addresses of both the contractor and subcontractor
2. Project Details: Specific description of the project, location, and reference numbers
3. Scope of Works: Clear definition of the interim works to be performed under the LOI
4. Duration: Period of validity for the LOI and any conditions for extension
5. Financial Terms: Maximum financial commitment, payment terms, and payment schedule
6. Conversion Intent: Statement of intention to enter into a formal contract and conditions
1. Insurance Requirements: Specific insurance requirements and levels for high-risk or high-value work components
2. Health and Safety: CDM requirements and safety protocols for construction or hazardous activities
3. Intellectual Property: Rights and ownership of designs or innovations when work involves design elements or creative input
4. Confidentiality: Non-disclosure requirements when sensitive information will be shared
1. Schedule of Rates: Detailed breakdown of agreed rates and prices
2. Preliminary Programme: Initial timeline and key milestones
3. Scope Drawings: Any relevant drawings or specifications
4. Insurance Certificates: Copies of required insurance documentation
5. Form of Sub-Contract: Draft of the intended final sub-contract agreement
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