Notification of Successful Bid (LoA)
Introduction
We are pleased to inform you that your bid has been accepted by our company for the project [Project Name] as per the tender ref number [Tender Reference Number]. This letter serves as the official notification of the outcome of the tender process.
Project Summary
The project, [Project Name], is aimed at [Project Objective]. The scope of the project includes [Project Scope]. The project budget is [Project Budget]. The expected completion date is [Expected Completion Date].
Bid Evaluation Criteria
The evaluation of the bids was carried out in accordance with the evaluation criteria provided in the tender document. The criteria for evaluation were [Evaluation Criteria]. Each criterion was assigned a weightage based on its importance. The bid evaluation process was conducted transparently and impartially.
Reason for Selection
Your bid was evaluated based on the criteria mentioned in the tender document. We are pleased to say that your bid has been selected because it met all the criteria and requirements specified in the tender documents. Your company has demonstrated its ability to complete the project within the specified timeframe and budget. We are convinced that your company has the necessary skills, experience, and expertise to successfully complete the project.
Contractual Obligations
As per the terms and conditions of the tender document, you are required to sign the contract and provide the performance security, which will be equal to [performance security amount or percentage] of the contract price. We request you to do this within [timeframe], failing which, we reserve the right to cancel the award of the contract to your company.
Conclusion
Congratulations on winning the bid for the project [Project Name]. We look forward to working with you and hope that this marks the beginning of a long and mutually beneficial business relationship.