Regret Letter For Quotation Template for Nigeria

The Regret Letter for Quotation is an essential business communication tool used in Nigerian commercial practice when an organization needs to formally decline a quotation or bid proposal from a vendor. This document is particularly important in both private and public sector procurement processes, where it serves to maintain transparency and professionalism while adhering to Nigerian procurement laws and regulations, including the Public Procurement Act 2007. The letter is typically issued following a formal evaluation process of received quotations and must be carefully crafted to maintain good business relationships while clearly communicating the decision. It includes key information such as reference to the original quotation, the decision outcome, and often includes constructive feedback or information about future opportunities. The document is crucial for organizations operating in Nigeria to maintain proper documentation of their procurement processes and ensure compliance with local business practices and legal requirements.

1. Letter Header: Company letterhead, date, reference number, and recipient's contact details

2. Subject Line: Clear reference to the quotation being responded to, including any relevant reference numbers

3. Acknowledgment: Confirmation of receiving the quotation with specific details such as date and reference number

4. Appreciation: Expression of gratitude for the time and effort invested in preparing and submitting the quotation

5. Decision Communication: Clear but diplomatic statement that the quotation was not successful

6. Future Relationship: Statement expressing interest in future business opportunities

7. Closing: Professional closing with signature block and contact information