the letter of intent or the letter of interest is a highly controversial subject in the construction industry. but usually, letter of acceptance or contract awarding letter is issued after the negotiation process and after all the parties are agreed on the terms & conditions, payment plans etc. but the letter of intent (loi) is there because to reduce the engineering and processing time of the work or delivery. the buying party can issue a letter of intent (loi) to convince the selling party. most of the time, lois are treated as a non-binding agreement between two parties. letter of intent can be issued in the recruitment process (when an organization is willing to recruit new employee, they can issue an loi for employment). we (issuers company name) issued this letter expressing our intention to award the contract for the construction of the (______________project name) at (____________location) to you.