{"id":7855,"date":"2023-08-01T10:11:35","date_gmt":"2023-08-01T14:11:35","guid":{"rendered":"https:\/\/carleton.ca\/facts\/?page_id=7855"},"modified":"2023-08-01T10:14:02","modified_gmt":"2023-08-01T14:14:02","slug":"letter-of-intent-loi","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/l\/letter-of-intent-loi\/","title":{"rendered":"Letter of Intent (LOI)"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>A <a href=\"https:\/\/www.contractscounsel.com\/t\/us\/letter-of-intent\">L<\/a><a href=\"https:\/\/www.contractscounsel.com\/t\/us\/letter-of-intent\">etter of Intent<\/a> to purchase is a written document detailing Carleton University\u2019s intent to enter negotiations with a <a href=\"https:\/\/carleton.ca\/facts\/glossary\/v\/vendor\/\">vendor<\/a> based on the results of an open <a href=\"https:\/\/carleton.ca\/facts\/glossary\/c\/competitive-procurement\/\">Competitive Procurement<\/a> (RFx). A Letter of Intent precedes the more formal <a href=\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/\">Contract<\/a>, and subsequent purchase order.<\/p>\n<h3>Why is it important?<\/h3>\n<p>It is particularly important to understand that the Letter of Intent is not intended allow for the start of work or delivery of any goods or services. Any activities related to a successful procurement may only start <strong>after the Contract is awarded<\/strong>.<\/p>\n<h3>Where do I find more information?<\/h3>\n<p>For more information, email <a href=\"&#x6d;&#97;&#x69;&#108;t&#x6f;&#58;P&#x72;&#111;&#x63;&#x75;r&#x65;&#109;e&#x6e;&#116;&#x53;&#x65;r&#x76;&#105;c&#x65;&#115;&#64;&#x63;&#97;&#x72;&#108;e&#x74;&#111;n&#x2e;&#99;&#x61;\">&#x50;&#114;&#x6f;&#x63;&#117;&#x72;&#x65;&#109;&#x65;&#x6e;&#116;&#x53;&#x65;r&#x76;&#x69;c&#x65;&#115;&#64;&#x63;&#97;r&#x6c;&#101;t&#x6f;&#110;&#46;&#x63;&#97;<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is it? A Letter of Intent to purchase is a written document detailing Carleton University\u2019s intent to enter negotiations with a vendor based on the results of an open Competitive Procurement (RFx). A Letter of Intent precedes the more formal Contract, and subsequent purchase order. Why is it important? It is particularly important to [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"parent":79,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Letter of Intent (LOI) - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? 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