What is LETTER OF AWARD?

Contract award to the winning bidder is document by the customer, owner or principal. Award amount, award date, contract signing date are additional particulars in this written confirmation. It may also contain a notice to proceed. At times it is used in place of a vendor purchase order. Also known as award letter or notice of award.

More On This Topic



Link to This Definition
Did you find this definition of LETTER OF AWARD helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary