How to write letter of contract award to a contractor?

Name/Title
Address
City, State, Zip Code

Subject: Letter for awarding contract

Dear Mr/Ms

We have been looking for the proposal which best suits with our requirement, but from last 3 months we failed to find the best proposal.

But we are glad to inform you that your proposal is been accepted by our company with the intent to award the contract to your organization. We have gone through the proposal and are we agree with the terms and condition of the proposal, though the amount bided by your company is more than our budget, we are ready to increase our budget for the proposal sent by you.

Please find enclosed the contract signed copy along with the letter. We hope we don’t have to be disappointed. We are looking forward to work with your organization.

Thanking you,
Bally
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