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

From,
_________,
_________,
_________ (mention your/ sender’s details)

Date: __/__/____ (date)

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

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 recieved your quotation in reference to our requirement for ________ vide your quotation numer_______.

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)

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