Regret Letter For Quotation Template for Malaysia

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Key Requirements PROMPT example:

Regret Letter For Quotation

"I need a Regret Letter For Quotation to decline a Malaysian IT vendor's proposal for software development services worth RM 500,000, while keeping the possibility open for future projects as they were our second choice candidate."

Document background
The Regret Letter For Quotation is an essential business communication tool used in the Malaysian business environment when an organization needs to formally decline a quotation or proposal received from a supplier or service provider. This document is typically generated following an internal evaluation process where a quotation has been determined not to meet the organization's requirements, budget constraints, or other selection criteria. The letter serves multiple purposes: it provides clear communication of the decision, maintains professional relationships, ensures proper documentation of the procurement process, and may include constructive feedback or leave the door open for future opportunities. In the Malaysian context, these letters often reflect local business etiquette and communication styles, emphasizing politeness and relationship maintenance while delivering negative news.
Suggested Sections

1. Letter Header: Company letterhead with full contact details and date

2. Recipient Details: Full name, title, company name and address of the quotation provider

3. Reference Line: Clear reference to the specific quotation being declined, including quotation number and date received

4. Subject Line: Clear indication that this is regarding the quotation response

5. Acknowledgment: Express appreciation for the time and effort in preparing the quotation

6. Decision Communication: Clear but polite statement that the quotation has not been accepted

7. Professional Closure: Standard letter closing with appropriate signatory details

Optional Sections

1. Reason for Decision: Brief explanation of why the quotation wasn't accepted, used when transparency would benefit the business relationship

2. Alternative Proposals: Suggestions for future opportunities or modified proposals, used when wanting to maintain active business engagement

3. Feedback Section: Constructive feedback on the quotation, used when the supplier relationship is important and feedback would be valuable

4. Future Opportunities: Expression of interest in future business opportunities, used when wanting to maintain a positive relationship

5. Request for Database Inclusion: Request to keep the supplier's information for future opportunities, used when the supplier shows potential for future business

Suggested Schedules

1. Original Quotation Reference: Copy or summary of the original quotation details, included when specific reference points need to be addressed

2. Evaluation Criteria Summary: Brief overview of the decision criteria, included when transparency is important and feedback is being provided

3. Alternative Options: Documentation of alternative proposals or future opportunities, included when specific alternative business arrangements are being suggested

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Manufacturing

Construction

Information Technology

Professional Services

Retail

Healthcare

Education

Financial Services

Telecommunications

Energy and Utilities

Logistics and Transportation

Real Estate and Property Development

Relevant Teams

Procurement

Purchasing

Supply Chain

Operations

Finance

Administration

Contract Management

Project Management

Relevant Roles

Procurement Manager

Purchasing Officer

Supply Chain Manager

Contract Administrator

Project Manager

Business Unit Head

Operations Manager

Finance Manager

Department Director

Chief Financial Officer

Purchasing Executive

Administrative Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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