Letter of Intent Template v.14.1~3.pdf

LETTER OF INTENT

BUSINESS ENTERPRISE PROGRAM OR VETERAN SMALL BUSINESS

State of Illinois Letter of Intent v.14.1

Instructions: The Prime Vendor is required to submit a separate, signed Letter of Intent (LOI) from each BEP/VSB certified vendor.

LOIs must be submitted with the bid/offer and must be signed by both parties. The Prime Vendor shall not prohibit or otherwise limit the BEP/VSB certified vendor(s) from providing subcontractor quotes to other potential bidders/vendors. Each LOI must include the negotiated contract percentage, a detailed scope of work to be performed by each identified BEP/VSB certified vendor and the amount of the subcontract, if known. All LOI’s shall be subject to Agency approval. Any changes involving or affecting the identified BEP/VSB certified vendor may not be permitted without written approval of the procuring Agency.

Project Name: Project/Solicitation Number:

Name of Prime Vendor: BEP/VSB Compliance Contact:

Address:

City: State: Zip Code:

Telephone: Fax: Email:

Name of Certified BEP or VSB Vendor:

Address: BEP/VSB Compliance Contact:

City: State: Zip Code:

Telephone: Fax: Email:

Type of agreement: Services Supplies Both Services/Supplies

Anticipated start date of the Certified BEP/VSB Vendor: ____________________________________________________

Proposed ___ % of Contract to be performed by the BEP/VSB Vendor.

Proposed Subcontract Amount, if known $ _______________________________________________________________

NOTE: The Prime Vendor must indicate the percentage of the estimated contract award that will be subcontracted to the certified BEP/VSB Vendor.

Detailed description of work to be performed or goods/equipment to be provided by the BEP/VSB Vendor:

The Vendor and the certified vendor above hereby agree that upon the execution of a contract for the above-named project between the Vendor and the State of Illinois, the Certified BEP VSB Vendor will perform the scope of work for the amount/percentage as indicated above.

Vendor (Company Name and D/B/A): Certified BEP/VSB Vendor (Company Name and D/B/A):

Signature Signature

Print Name: Print Name:

Title: Title:

Date: Date: