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)
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