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…
It is very common that other people besides project team members and construction workers may visit a construction site. These people may include stakeholders of companies involved in the project execution, vendors, bidders, consultants, permitting authorities representatives, banks’ representatives, and investors. These people visit for various reasons that may include: Read more…
