Construction projects frequently need to get started quickly, before final documents are agreed. In these situations, the industry often uses a ‘letter of intent’ (LOI) as a bridging measure to allow work to proceed and to give the parties some legal protection. The “LOI” indicates the employer’s intention to enter Read more…
For a capital project owner, one of the proven response strategies for reducing the project’s risk exposure is to outsource part of the project’s scope of work to qualified engineering consultants and contractors. Otherwise, the project’s risk exposure increases if an incompetent entity ends up as awarded the outsourced scope Read more…
For construction projects that the specifications permit “or equal” alternatives or substitutions after contract award, the contractor is entitled to make an alternative or substitution of materials or equipment which is equivalent or equal to the equipment or materials specified in the contract. For those proposed alternatives or substitutions, the Read more…
