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Confirmation Tender Acceptance Letter Template for Singapore

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Key Requirements PROMPT example:

Confirmation Tender Acceptance Letter

"Need a Confirmation Tender Acceptance Letter for a government construction project in Singapore, accepting a bid value of SGD 2.5 million, with project completion required by March 2025, including performance bond and insurance requirements."

Document background
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.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

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

Relevant legal definitions


















Clauses















Industries

Contract Law of Singapore: Primary legislation governing contract formation, execution, and enforcement, based on English common law principles

Electronic Transactions Act: Governs the legal recognition and validity of electronic communications and transactions in Singapore

Unfair Contract Terms Act: Regulates unfair terms in contracts and limits the extent to which civil liability can be avoided through contract terms

Government Procurement Act: Regulates procurement procedures and requirements for government contracts in Singapore

Government Procurement Regulations: Detailed regulations implementing the Government Procurement Act

Government Contracts Act: Governs the execution and validity of contracts made on behalf of the Government

Building Control Act: Regulates building and construction works in Singapore, relevant for construction-related tenders

Public Sector Standard Conditions of Contract: Standard contract terms and conditions for public sector procurement in Singapore

SIA Conditions of Contract: Singapore Institute of Architects' standard form of building contract for construction projects

Competition Act: Ensures fair competition and prohibits anti-competitive practices in tender processes

Companies Act: Regulates company operations and corporate requirements for contracting parties

Business Registration Act: Governs the registration and regulation of businesses in Singapore

Stamp Duties Act: Regulates the stamping requirements and duties payable on certain documents

Prevention of Corruption Act: Anti-bribery legislation ensuring transparency and preventing corruption in tender processes

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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