Reliance letter

A document addressing whether a specified party may rely on a report, subject to its stated terms and the underlying engagement.

Why it matters

Receiving a copy is not the same as receiving reliance rights. The report’s date, purpose, scope, limitations, and any required update still matter.

In practice

A project example

A new transaction party requests reliance rather than assuming an older report was prepared for its decision.

General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.