Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT
approval for acceptance of the letter must be obtained from the office of the SBU Contracts, Vice President or if none the SBU General Counsel prior to accepting the letter.
In no case must a Letter of Intent be used to book an order. However, in many instances, a letter of intent can be used to engage the customer and therefore expedite a bookable contract.
Letter of Contract:
Occasionally it may be appropriate to enter into a sales transaction with a customer prior to the time at which the customer may provide a purchase order for the work to be performed. Typically the conditions involved are associated with protecting lead-time because the customer’s administrative time to issue an order is substantial enough that waiting could negatively impact performance dates. In these situations it is likely that the customer
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