[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP] Subject: Notice of Rejected Bid for [Project/Contract Name] — [Bid Number] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally notify you of our decision to reject the bid submitted by [Company Name] for the [Project/Contract Name], identified by bid number [Bid Number]. After careful evaluation of all submitted bids received by the deadline, it is regrettable to inform you that your bid was not selected for further consideration. We deeply appreciate your interest and effort in participating in this bidding process. The decision was reached based on a thorough assessment of key criteria, including but not limited to: 1. Price Competitiveness: Despite thorough consideration, your bid did not align with the budgetary limitations specified in the project requirements. We received proposals from other bidders that better met our financial expectations without compromising on quality. 2. Technical Proficiency: Upon reviewing the technical aspects of your bid, we identified certain gaps that may hinder the successful execution of the project. Other bidders demonstrated a stronger understanding of the technical requirements, which influenced our ultimate decision. 3. Experience and Track Record: While your company possesses commendable experience in the industry, other bids presented an outstanding track record coupled with successful completion of similar projects. Their demonstrated expertise and ability to deliver within the specified timeline were determining factors in our selection process. Please note that this decision was not made lightly, and we understand the effort and resources invested in preparing your bid. Nevertheless, our primary responsibility is to ensure the best possible outcome for the project at hand, and after thorough evaluation, other bids better aligned with our needs. We encourage you to continue participating in future bidding opportunities within our organization. Your dedication and commitment to quality are valued, and we would be glad to consider your proposals for future projects. Thank you for your participation in this competitive bidding process. I kindly request that you promptly return any documents or sensitive information provided during the bid submission process. Should you require further clarification or would like feedback on your bid, please do not hesitate to reach out to us. We appreciate your understanding and look forward to the possibility of future collaborations. Yours sincerely, [Your Name] [Your Position] [Your Company Name]