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Date/Time Thumbnail Dimensions User Comment; current: 05:21, 29 June 2011: 1,275 × 2,100 (45 KB): Ragettho {{information|Description=Letter of support for Wikimania 2012 DC bid from U.S. National Archives and Records Administration (NARA) - US Archivist.|Source=originally uploaded onto Meta by User:Aude|Date=2011-03-15|Author=Aude, transferr
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
These letters frequently begin with the salutation "Dear Colleague". The length of such correspondence varies, with a typical "Dear Colleague" running one to two pages. [7] "Dear Colleague" letters have also been used by a number of executive agencies, often to make statements on policy or to otherwise disseminate information. [8] [9] [10]
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A business proposal is a written offer from a seller to a prospective sponsor.. Business proposals are often a key step in a complex sales process, where a buyer considers more than price in a purchase.
A request for proposal requires the bidder to produce an original business proposal based on the buyer's needs. Depending on the RFP document's specification, a bidder may be required to decide upon project expectations, timetable, product design, and vendors.
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