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Sample Letter of Intent (LOI) or Letter of Understanding (LOU)
For larger contracts or big dollar supply agreements, some corporations prefer to start a relationship by issuing a letter of intent (LOI) to the successful bidder. It is an acknowledgement by both parties of their intent to carry out the offer at hand.
This following sample letter can be used to get the ball rolling until formal contract documents are drawn up and executed by the involved parties. As a buyer you are informing the Vendor of your intention to proceed with the arrangement which may have been developed during a tender.
This sample letter of intent or letter of understanding covers a technical supply agreement used to purchase bulk commodities with prices that might be tied to a published index or indice.
Feel free to download and use this free sample letter of intent or letter of understanding when awarding your RFP or RFQ.
Download PDF file here >>> rfq6-letter-of-intent
It is a little cramped as we wanted it to fit onto a single page…Note: all RFQPro.com purchased downloads include edit friendly Microsoft word templates. If you are looking for a specific sample Letter of Intent (LOI), or LOU template we have included them in our Premium Pack and it is available for purchase by selecting the download button in the left hand margin.
Topics: All Templates, Letter of Intent, Quotes General, Tender Documents | 2 Comments »
June 22nd, 2010 at 1:14 am
It has been extremely useful having all of your templates on file and it has really helped us elevate our professional image and personal development.
Regards,
Mayeen
June 22nd, 2010 at 2:39 pm
Mayeen thank you for the valuable feedback….Mark