Letter of Intent (LOI) / Letter of Acceptance (LOA) definition
Letter of Intent (LOI) / Letter of Acceptance (LOA) means the written communication to the successful bidder of the intention of the Service Provider of the services as per the Purchase Order read with the bid document;
Letter of Intent (LOI) / Letter of Acceptance (LOA) means the RVPN‟s letter conveying its acceptance of the Bid subject to such reservations / conditions as may be stated therein. This acceptance letter precedes the detailed Work order containing the detailed terms and conditions of the technical and financial parameters.
Examples of Letter of Intent (LOI) / Letter of Acceptance (LOA) in a sentence
The successful Bidder will be required to submit their acceptance within a period of 3 days from the receipt of the Letter of Intent (LOI) / Letter of Acceptance (LOA) issued by the UPLC and thereafter execute an Agreement with the UPLC within the next 3 days.