Tuesday, January 28, 2014

Is a signed Letter of Understanding and Retainer Agreement for the purpose of getting information from a company desiring to do engineering,...

Question

Is a signed Letter of Understanding and Retainer Agreement for the purpose of getting information from a company desiring to do engineering, construction management, etc. considered a contract? This was to provide costs estimates, time lines, and required materials, etc. so that a proposal could be written for a future contract.

The actual proposal to do this work, if the contract was awarded was not signed.



Answer

Without reviewing the specific language of this document in its totality, I couldn't

venture an opinion on the matter.



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