Which of the following are mutually binding project documents? (Select two.)
A. Quotation
B. Letter of intent
C. Proposal
D. Evaluation
E. Warranty
F. Charter
Which of the following are mutually binding project documents?
Which of the following are mutually binding project documents? (Select two.)
A. Quotation
B. Letter of intent
C. Proposal
D. Evaluation
E. Warranty
F. Charter
Letter of Intent A letter of intent outlines the intent or actions of both parties before entering into a contract or other mutually binding agreement. It’s a negotiable document and can be thought of as an agreement to agree on the terms and conditions.
Warranty A warranty is usually associated with equipment, materials, software, or supplies. It is a guarantee that the product will meet expectations and perform as stated. A warranty is typically in effect for a specified period of time and expires once the time period is reached.