letter of award
Definition
Written confirmation of an award of a contract by a customer (owner or principal) to a successful bidder, stating the amount of the award, the award date, and when the contract will be signed. It may also contain a notice to proceed. Also called award letter or notice of award, it is sometimes also used in lieu of a purchase order to a vendor.
letter of award is in the Agreements & Contracts, Banking, Commerce & Finance, Corporate, Commercial, & General Law and Purchasing & Procurement subjects.
letter of award appears in the definitions of the following terms: award letter and notice of award
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