Document background
The LOI In (Construction) is a crucial preliminary document used in Danish construction projects to establish the framework for negotiations and potential future collaboration between parties. It is typically employed when parties need to formalize their intentions before entering into a full construction contract, allowing for preliminary works, site investigations, or initial design development while maintaining flexibility. This document type is particularly important in the Danish construction sector, where it needs to align with local construction laws, building regulations, and industry standards such as AB 18. The LOI helps manage risk and expectations during the pre-contractual phase, outlining key commercial terms, technical requirements, and any binding obligations regarding confidentiality, exclusivity, or cost allocation. It's especially valuable for complex construction projects where detailed negotiations and due diligence are required before finalizing the main construction contract.
