Submitting a project proposal, on the side of the project bidders, is an experience filled with sweat and jitters, but who would have thought that, on the side of the receivers, selecting among the proposals is just as hard? For more information on this topic, check out our detailed guide on Awarding Contract Letter Templates.
Companies often conduct bidding for various benefits. It promotes healthy competition and ensures that the company will be getting only the best. When a certain company has made a decision from a pool of bidders, they will be informing this bidder through an awarding contract letter. You may also see more different types of Awarding Contract Letters in Word from our official website template.net.
The process of formally informing a bidder that they have been chosen as the contractor for a certain project or contract is called contract awarding. To formally inform this successful bidder, an awarding contract letter is made. This type of letter has the following elements: For additional resources, explore our library of articles on contract termination letter templates.
1. Successful Tenderer: This is the individual, company, or entity that you have chosen to award a contract out of the pool of bidders. In the awarding contract letter, this is the receiver.
2. Contract Provider: This is the individual, company, or entity that confers the contract to the successful tenderer. This can be you as the writer and sender of the letter. For additional Sample Letters Templates, explore more options here.
3. Contract Affirmation: This is the line or paragraph of the awarding contract letter that explicitly confirms the bidder that their company has been chosen to be the official contractor. It also contains the details regarding the bid.
4. Reason of Acceptance: This is the part of the letter that mentions why the tenderer has been chosen to be awarded with the contract. For a wider selection of Formal Letter Templates, check out more options here.
5. Contract Arrangements: This part of the contract awarding letter supplies the information on how the successful tenderer and the contract provider can discuss the terms of the contract. In some cases, the provider will have already been done with the contract and will attach it on the letter. Check out more Personal Letter Templates available here.
