The Confirmation Tender Acceptance Letter is a crucial document in Singapore's procurement process, serving as the official notification of tender acceptance and forming part of the contractual documentation. This document is typically issued after the evaluation of tender submissions and internal approval processes are completed. It contains essential information including the tender reference, contract value, project timeline, and any specific conditions or requirements. The letter, governed by Singapore contract law, bridges the gap between tender submission and formal contract execution, providing legal certainty to both parties. It's particularly important in public sector procurement but is equally relevant in private sector projects.
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1. Reference Information: Tender reference number, project title, and date
2. Formal Acceptance Statement: Clear statement accepting the tender submission and confirming contract formation
3. Contract Value: Statement of agreed price and payment terms
4. Project Timeline: Key dates including start date, completion date, and major milestones
5. Confirmation Request: Request for acknowledgment and acceptance of the terms stated
1. Conditions Precedent: Specific conditions that must be satisfied before the contract becomes effective
2. Performance Bond Requirements: Details of required performance security or bond
3. Insurance Requirements: Specific insurance coverage requirements for the project
1. Original Tender Documents: Copy or reference to the original tender submission documents
2. Price Schedule: Detailed breakdown of agreed prices and payment structure
3. Project Schedule: Detailed timeline showing all deliverables and milestones
4. Technical Specifications: Detailed technical requirements and scope of work
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