__________(Name of the Company)
Subject: Regret for not bidding
This letter is in reference to the bid for ________ (project name).
In this regard, we regret to inform you that we are unable to bid for upcoming project _______ (project name) due to _________ (mention reason for not bidding). We hope that you will understand the situation and will continue to work with us in the future also.
We sincerely apologize for the inconvenience caused to you.
____________ (Your name)
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