Quantum meruit meaning? “Quantum meruit” is a Latin phrase that means “as much as he has deserved.” A reasonable remuneration or compensation deserves work done by a person or organization based on a retroactive agreement called quantum meruit. Quantum meruit claims in the Construction industry What are these quantum meruit claims? When a contractor has executed aContinue reading “Why Quantum meruit claims are controversial in the industry?”
Tag Archives: letter of intent
How to get Extension of time (EOT) in construction (3 Key reasons)
What is this extension of time or EOT The contractor is always eligible for an EOT (extension of time) whenever unexpected causes delays the project works. If the contractor is requesting an EOT, He should request it based on the reasonable terms. The contractor cannot ask an extension due to delays caused by himself. evenContinue reading “How to get Extension of time (EOT) in construction (3 Key reasons)”
What is the letter of Intent?
This article has moved. Read the updated version: Letter of intent in construction & how to write it.
Letter of intent in construction & how to write?
Why Letter of intent in construction or any other trade? The Letter of intent in the construction industry? The Letter of intent or the Letter of interest is a highly controversial subject in the construction industry. People always mixed up the Letter of intent with Letter of award (LOA), Comfort letter or Contract awarded Letter. But usually, Letter of acceptance or Contract awarding Letter is issuedContinue reading “Letter of intent in construction & how to write?”