Construction Letter Of Intent Template – US

Legal Notice

The information provided here is intended solely for general guidance regarding formal agreements for construction projects in the United States. It should not be considered legal advice or a substitute for consulting with a qualified legal professional experienced in construction law. Regulations and requirements may vary across jurisdictions, and adjustments may be necessary to ensure compliance. Responsibility for using this example rests with the user, and no liability is accepted for errors, omissions, or consequences resulting from its use without professional legal review.

Please note: This is a sample Construction Letter of Intent template for the United States, intended for informational purposes only. Actual terms and wording may vary depending on project specifics and legal requirements.

Construction Letter of Intent (LOI) Sample

Parties Involved:

Owner: ABC Construction LLC
Address: 123 Main Street, Cityville, State, ZIP

Contractor: XYZ Builders Inc.
Address: 456 Elm Street, Townsville, State, ZIP

Project Details:

The project involves the construction of a commercial office building located at 789 Industrial Ave, Cityville, State, ZIP, or other site as determined in subsequent negotiations.

Scope of Intent:

This LOI serves as an expression of the intent of both parties to proceed with negotiations toward a formal construction agreement based on the outlined project scope and terms.

Preliminary Terms:

Both parties agree to negotiate in good faith toward finalizing a construction contract, including project scope, schedule, budget, and terms. This LOI is non-binding, except as specified herein.

Parties’ Responsibilities:

Owner agrees to provide necessary project information and access. Contractor commits to preparing preliminary estimates and project plans in anticipation of a formal agreement.

Governing Law:

This LOI shall be governed by the laws of the State of [State], and any disputes shall be resolved within its jurisdiction.

Additional Provisions:

• This LOI is intended to facilitate continued negotiations and does not constitute a binding agreement to proceed with construction.
• Either party may withdraw from negotiations at any time without liability.
• All confidentiality obligations shall survive beyond the termination of negotiations.

Cityville, ______________________