by Dan Payton | Sep 5, 2018 | Guarantees, Tenders
The term ‘Letter of Intent’ (LOI) is typically used to describe a letter from an Employer to a Contractor (or from a main Contractor to a Subcontractor) indicating the Employer’s intention to enter into a formal written contract for Works described in the letter, and asking the Contractor to begin those works before the formal Contract is executed. While an Letter of Intent may come in many forms, it’s essentially a communication expressing an intention to enter into a Contract at a future date.
by Dan Payton | Jul 19, 2018 | Tenders
Construction bidding is the process of submitting a proposal/tender to build or manage a construction project. Public tenders, or those with a government department, follow different rules than private tenders. They must be advertised in advance, and they allow any qualified contractors to bid if they choose to. Private owners may opt to limit the construction bidding process to contractors they have chosen as bidders.
by Dan Payton | May 14, 2015 | Tenders
Are you tired of not winning tenders? Here are some practical tendering tips to help you win a tender and comply with construction industry standards.
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