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Bidding Letter Of Intent for Indonesia

Bidding Letter Of Intent Template for Indonesia

A Bidding Letter of Intent under Indonesian law is a formal preliminary document that expresses a company's serious intention to participate in a competitive bidding process. This document, while not legally binding for the final bid submission, serves as an official declaration of interest and typically includes basic information about the bidding company's capabilities, preliminary understanding of the project requirements, and commitment to participate in the tender process. It must comply with Indonesian procurement regulations, particularly Presidential Regulation No. 16 of 2018 for public procurement, and demonstrates the bidder's commitment to following local business practices and regulatory requirements.

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What is a Bidding Letter Of Intent?

The Bidding Letter of Intent is a crucial preliminary document in Indonesian business practice, used in competitive tender processes across various sectors. It serves as the initial formal communication between a potential bidder and the project owner or tender organizer. This document is particularly important in Indonesia's business environment, where formal expressions of intent carry significant weight in business relationships. The Bidding Letter of Intent typically precedes the submission of a full bid and includes key information about the bidding company's capabilities, basic project understanding, and commitment to the bidding process. While not legally binding for the final bid, it often forms part of the pre-qualification process and must comply with relevant Indonesian regulations, including procurement laws and sector-specific requirements. The document is especially relevant for both public and private sector procurement, with additional requirements applying when dealing with government entities or state-owned enterprises.

What sections should be included in a Bidding Letter Of Intent?

1. Letter Header: Complete company details of the bidder, including registered address, registration number, and authorized contact person

2. Date and Reference Number: Formal date and unique reference number for the LOI

3. Recipient Details: Full details of the receiving organization, including correct legal name and address

4. Subject Line: Clear indication that this is a Letter of Intent for the specific bid opportunity, including bid reference number

5. Introduction: Brief introduction of the bidding company and acknowledgment of the bid opportunity

6. Expression of Intent: Clear statement of intention to participate in the bidding process

7. Project Understanding: Brief demonstration of understanding of the project requirements and scope

8. Basic Terms: High-level outline of key terms including proposed timeline and general approach

9. Company Credentials: Brief overview of company qualifications, experience, and capability to undertake the project

10. Confidentiality Statement: Declaration regarding the confidential treatment of bid-related information

11. Closing Statement: Formal closing including contact details for further communication

12. Signature Block: Space for authorized signatory, including name, title, and company stamp

What sections are optional to include in a Bidding Letter Of Intent?

1. Consortium Details: Required when bidding as part of a consortium, detailing all consortium members and their roles

2. Local Content Commitment: Required for projects with local content requirements under Indonesian regulations

3. Financial Capability Statement: Optional section indicating financial capacity when bidding for high-value projects

4. Preliminary Price Indication: Optional high-level price range, if requested in bid documents

5. Timeline Overview: Optional section detailing proposed project timeline when relevant to bid evaluation

6. Environmental Commitment: Required for projects with environmental impact considerations

What schedules should be included in a Bidding Letter Of Intent?

1. Company Profile: Brief company profile including track record and relevant experience

2. Key Personnel CVs: Summary CVs of key team members proposed for the project

3. Relevant Project References: List of similar projects completed or ongoing

4. Legal Documents: Copies of business registration, tax certificates, and other required legal documents

5. Preliminary Technical Approach: High-level technical approach if required by bid documents

6. Financial Statements: Summary of relevant financial information demonstrating financial capability

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Letter of Intent

Cost

Free to use
Relevant legal definitions

















Clauses


















Relevant Industries

Construction and Infrastructure

Oil and Gas

Mining

Telecommunications

Energy and Utilities

Manufacturing

Transportation

Healthcare

Information Technology

Public Works

Defense

Education

Environmental Services

Real Estate Development

Maritime and Shipping

Relevant Teams

Legal

Business Development

Procurement

Project Management

Commercial

Operations

Finance

Technical

Compliance

Government Relations

Public Relations

Risk Management

Strategy

Relevant Roles

Business Development Manager

Tender Manager

Procurement Director

Project Manager

Chief Executive Officer

Commercial Director

Legal Counsel

Bid Coordinator

Contract Manager

Chief Financial Officer

Operations Director

Technical Director

Public Relations Manager

Government Relations Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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