The Risk of Using LOIs in Lieu of Subcontracts

by Michael C. Loulakis, President, Chief Executive Officer; Reston, VA,,
Lauren P. McLaughlin, Attorney; Vienna, VA,,

Serial Information: Civil Engineering—ASCE, 2016, Vol. 86, Issue 5, Pg. 88

Document Type: Editorial

Abstract: A letter of intent to enter into an agreement with a subcontractor is not the same thing as a legal contract and should not be relied upon to the same degree.

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