Letter to Vendor for Submitting no Regret Prices – Letter Requesting Vendor to Submit No – Regret Price for Quotation

To,
The Manager,
_________, (Vendor’s company name),
_________ (Vendor’s office address)

Date: __/__/____ (date)

Subject: Request for no-regret prices

Dear __________ (mention receiver’s name),

My name is ______________ (name) and I write this letter on behalf of ______________ (company name) company in order to inform you that we have received your quotation in reference to our requirement for ________ vide your quotation number_______.

This is to most humbly inform you that our team already shared our target price with you during the negotiation for the quotation issued by you on __/__/_____ (date) and in this regard, we have received the quotation with revised prices. This is to apologetically inform you that the prices quoted do not meet our expectation/ target price and therefore, we write this to request you to kindly issue the no-regret final price at the earliest.

We look forward to your quick response as we plan to conclude the procurement process by _______ (Date).

You may contact at ________________ (mention contact details) if any more clarification is required.

Yours truly,
-For,
__________ (mention company name)
__________ (signature),
__________ (your name),
__________ (contact number)