Code : 2012015
Event Name : Letters of Intent
CPD Code : Formal Events
Speaker : Rachael Guan
Senior Associate, Hogan Lovells' Projects (Engineering and Construction) practice, Hong Kong

Event Date : 2012-03-28
Event Time : 7:00 pm - 8:30 pm (Wednesday)
Registration Closing Date : 2012-03-14
CPD Hour(s) : 1.5
Venue : Surveyors Learning Centre, Suite 811, 8/F., Jardine House, Central, Hong Kong
Division : QSD
Fee : HK$120 per member; HK$150 for non-member (HK$20 walk in surcharge for all pricings listed); Free of charge for full time university student (subject to availability)
Priority : Priority is given to QSD Members; first come first serve basis
Details :

Rachael Guan specialises in the preparation of construction and engineering contracts, and in the course of practice has advised in relation to different types of project – commercial buildings, hospitals, schools, roads and power stations. 

 
Construction projects involve a variety of technical and practical elements ranging from development of design, access to site through to selection of materials etc. Parties frequently spend their time pre-commencement focused on ensuring that these aspects of the project are agreed. However, there is likely to be pressure to commence work as soon as possible. Therefore, it is not unusual for parties to still be negotiating the contract when they need to start to procure materials, commence site preparations or even the works.
 
Thus parties may turn to a letter of intent. This can provide flexibility, allowing the contractual agreement to be worked out separately, while facilitating the commencement of preparatory work. However, a common problem with letters of intent, which are often hastily agreed, is that it is difficult to work out exactly what either party's actual liability is – especially in terms of payment. In this talk, Rachael Guan will run through some of the common pitfalls with letters of intent, illustrated with examples from actual cases. She will also provide a useful checklist of issues to include in future letters of intent.
Remarks :

Full

Payment : HKD 120
Face-to-Face/Zoom : Please refer to the remarks