A C Controls v BBC: the meter is running
Series: RICS Quantity Surveying and Construction Faculty Feature ; 18 June 2003 (3)Publication details: 2003Subject(s): Summary: Considers the inherent problems of using letters of intent as illustrated by "A C Controls v BBC" (TCC, 26 November 2002). Warns that the maximum sum specified in the letter of intent should be greater than the value of works carried out prior to the date of signing and reflect the amount of work to be performed under that letter. Neither should the valuation of the works be discretionary. Suggests that either payments should be valued in accordance with agreed rates attached to the letter, or that the letter makes clear that it is to be treated as a contract for a limited amount of work for a lump sum.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66757 (Browse shelf(Opens below)) | 1 | Available | 122762-1001 | |
| Journal article | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 122762-2001 |
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Considers the inherent problems of using letters of intent as illustrated by "A C Controls v BBC" (TCC, 26 November 2002). Warns that the maximum sum specified in the letter of intent should be greater than the value of works carried out prior to the date of signing and reflect the amount of work to be performed under that letter. Neither should the valuation of the works be discretionary. Suggests that either payments should be valued in accordance with agreed rates attached to the letter, or that the letter makes clear that it is to be treated as a contract for a limited amount of work for a lump sum.