LETTERHAED

August 24, 2023

__________
BAC Chairperson
__________)
__________

Dear Ma’am,

Good day!

This is in connection with Invitation for Negotiated Bid under bid no. ________ with
particulars ____________________________.

We regret to inform your good office that after careful consideration of the above-stated
project, we hereby decline to join the invitation due to its low-priced index that we could
not meet the Approved Budget Contract amount.

Thus, we are very much thankful for inviting us and we look forward to our future
partnership.

God bless and more power!

Sincerely yours,

_______________
Proprietor