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What does the Letter of Intent to Negotiate (LOI) include?

April 26, 2017intent letter LOI negotiate

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What does the Letter of Intent to Negotiate (LOI) include?

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The LOI outlines the project description, proposed schedule and terms of the project, and allows GDOT and a private entity to begin negotiating the details of a proposed transportation improvement project. The LOI is not a binding commitment for GDOT or the State of Georgia.