This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
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Letter of Bid means the document entitled letter of bid, which was completed by the Contractor and includes the signed offer to the Employer for the Works.
To give you a little context, an Invitation to Bid (ITB) or Invitation for Bid (IFB) is a call for contractors to submit a proposal for a specific product or service that an organization knows it wants/needs.
Dear Sir/Madam, On behalf of (company name), I am pleased to inform you that the management has studied through your proposed project of (mention the proposal). (Describe in your words). We feel that your proposal fits best with our requirements and is fulfilling our expectations.
Quotes are more concrete and specify a fixed dollar value for a specific time frame. Bids offer more detail than estimates and quotes, and they're common in the construction industry. Companies will bid for projects by specifying how much it will cost to complete it.
Here are the steps to take when writing a proposal acceptance letter:Format your letter. Your letter appears most professional if sent on your organization's letterhead.Specify sender, recipient and date.Accept proposal.Clarify next steps.Offer thanks.Sign and send.
A request for quote (RFQ), also known as an invitation for bid (IFB), is a process in which a company solicits select suppliers and contractors to submit price quotes and bids for the chance to fulfill certain tasks or projects.
Dear Sir/Madam, With due respect, I am (name and designation) at (mention position) and I am glad to inform you that we have accepted the contract for (mention contract details). We are ready to accept all the terms and conditions mentioned in the contract.
Letter of Acceptance of Tender means letter giving intimation to the tenderer that his tender has been accepted in accordance with the provisions contained in that letter.
If your decision is to not move forward, reply back thanking them for the opportunity and kindly decline to bid. If you choose to respond to the bid, kindly reply to the agency and let them know you've accepted their invitation. And, again, thank them for the opportunity to bid on their project.
Open with a statement confirming that the proposal has been accepted, and give all the important details regarding the acceptance. You should also give your contact information since further discussion may be needed. Close with an appropriate expression of appreciation for the cooperation on the proposal.