Letters of intent (LOI) are common throughout the construction industry. They contain a degree of risk and uncertainty. Letters of Intent are usually subject to a financial ‘cap’. Mobilising a contractor’s workforce or procuring long lead-in items are potentially valid reasons for issuing a letter of intent with good intentions by both parties. So how […]
On 3 July 2023, the Irish Government announced significant risk-related amendments to the suite of Irish Public Works contracts. One potential major issue for contracting authorities is the ‘provision whereby the liability of a contractor to the Employer will be limited to a monetary amount (“the Liability Cap”). In its guidance note to contractors and […]
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