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What Is a Bid Covering Letter (Angebotsschreiben, Germany)?
This is a German procurement term. The formal covering letter to a bid, stating the total price and confirming the bidder is bound by its offer.
What does the Angebotsschreiben contain?
The total price, confirmation that the bidder is bound by the bid, the binding period, and the bidder's acknowledgement of the tender documents. It is signed on behalf of the bidder.
Why does it matter?
It is the legally binding part of the bid. A bid without a signed covering letter, or with one that deviates from the required form, is excluded.
Is a template provided?
Yes. Buyers normally provide the form, and bidders must use it. Adding your own terms to it counts as a deviation.
