When it comes to choosing a building contractor for a project, a letter of intent can be a useful tool to establish clear expectations and communication between both parties. A letter of intent is not a legally binding contract, but it can serve as a precursor to a formal agreement.
If you are in the process of selecting a building contractor, it may be helpful to see a sample letter of intent. Here is an example of a letter of intent that you can use as a guide:
[Your name and address]
[Date]
[Contractor’s name and address]
Dear [Contractor’s name],
I am writing to express my interest in hiring your company as the building contractor for my upcoming project. The project will consist of [brief project description]. After reviewing your credentials and experience, I believe that your company is the best fit for this project.
This letter serves as a letter of intent to establish our intentions to move forward with a formal contract. The terms of the letter of intent are as follows:
Scope of Work:
The project will consist of [detailed project description], including [list of specific tasks and responsibilities].
Schedule:
The project is expected to begin on [start date] and be completed by [end date]. These dates are subject to change depending on unforeseen circumstances, but we will work together to establish a reasonable timeline for the project.
Cost:
The total cost of the project will be [budget amount]. This amount includes all labor, materials, and any additional costs associated with the project. We will work together to establish a payment plan that is mutually agreeable.
Communication:
We will maintain open lines of communication throughout the project to ensure that both parties are in agreement and that the project is progressing smoothly. We will establish a point of contact for both parties to communicate with each other.
This letter of intent is not a legally binding contract, but it serves as an agreement between both parties to move forward with the project. The terms outlined in this letter of intent will be included in the final contract, which will be signed by both parties.
I look forward to working with you on this project. Please let me know if you have any questions or concerns.
Sincerely,
[Your name]
In summary, a letter of intent can be a useful tool when selecting a building contractor. By establishing clear expectations and communication in advance, both parties can be confident that the project will be completed to their satisfaction. Use the above sample letter as a guide to create your own letter of intent.