Académique Documents
Professionnel Documents
Culture Documents
PT. ABC……
Jl. Tebet Barat DRAFT LOI
Jakarta 12810
Attn. : …………..
Re : XYZ Project
Letter of Intend for Electrical Works
Dear Sir,
With reference to your quotation dated 14 July 2009, we intend to award you the above
works based on the following terms and conditions:
2. This is a lump sum contract and the prices are not subject to fluctuation in the of cost of
materials, labor, fuel, plant, insurance, freight, duties, taxes, exchange rates etc that may
arise during the contract period including extension of time.
3. The commencement date shall be the date of this letter. The completion date shall be …
……………2009.
5. The design shall be submitted and approved by the Project Manager prior to
construction.
50% - Advance Payment backed by bank guarantee or an insurance bond and valid
until the issuance of Practical Completion.
100% - Progress payment at completion of the works, subject to retention 5%.
5% - Retention, 5% of the Contract Sum at the end of Maintenance Period.
8. The Defect Liability (Maintenance) Period shall be one (1) year from the date of
completion.
1
Pending the execution of a formal agreement between the Employer (PT TTS) and the
Contractor (PT ABC….), this Letter of Intend shall constitute a binding contract between
the Employer and Contractor. Please proceed with your preparation of works.
Please signify your acceptance of this letter and its contents by countersigning and
overwriting with your company seal and ‘materai’, and return both copies to PT. TTS.
Yours faithfully,
PT. TTS
.
Project Manager
______________________________________
PT. ABC….
Name :
Position : Director
Date : ______________________________