Free Contractor Letter of Intent Template
Contractor Letter of Intent
[Date]
[Recipient Name]
[Recipient Title]
[Recipient Company Name]
[Recipient Company Address]
Dear [Recipient Name],
Subject: Letter of Intent to Provide Contracting Services
We, [Your Company Name], are writing to formally express our intent to enter into a contractual agreement with [Recipient Company Name] for the provision of contracting services related to [Project Name].
[Your Company Name] will be responsible for construction, renovation, and maintenance. This includes all labor, materials, tools, and equipment required to successfully complete the project in accordance with the agreed specifications. The anticipated start date for the project is [February 1, 2050], with an estimated completion date of [August 1, 2050]. These dates are subject to adjustment based on unforeseen circumstances, but any such changes will be communicated promptly.
The estimated total cost for the project is [$1,500,000], based on the scope of work outlined. Any changes to the scope or unforeseen issues will be discussed and agreed upon prior to proceeding with any additional work or costs.
Payment will be structured as follows:
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[20%] deposit due upon signing of the contract.
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[40%] upon completion of the foundation and framing stages.
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[30%] upon completion of all major installations, including electrical and plumbing.
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The remaining [10%] upon final inspection and completion of the project.
This Letter of Intent serves as an expression of our intention to enter into a formal contract. Final terms and conditions, including but not limited to indemnification, dispute resolution, and performance bonds, will be included in the formal agreement. This letter does not constitute a legally binding contract, but rather a preliminary understanding of both parties' commitments. [Your Company Name] holds all necessary licenses and insurance coverage required for this project. Proof of insurance will be provided before the start of work.
We look forward to working with [Recipient Company Name] and are confident that we can meet your expectations and deliver a successful project. Please feel free to contact us with any questions or for further clarification regarding the details of this letter.
If the terms are agreeable, we will proceed with the preparation of a formal contract. We kindly request your confirmation of intent to move forward with the project.
Thank you for considering [Your Company Name] for this opportunity. We are eager to collaborate with you and achieve great results.
Sincerely,
[Your Name]
[Your Title]
[Your Company Name]
