Simply replace the unfilled areas such as "__" and "_[date]_" with your information.
Thank you so much for the opportunity to bid on _[project]_. We appreciate your business and are pleased that you considered us for this important project. Upon completion of our Bid/No-Bid Analysis, we have decided not to bid on this project.
It is important to us that we provide our customers with excellent business solutions that we can guarantee. Therefore, we have decided not to bid on this project for the following reasons:
1. _[Reason for No-Bid]_.
2. _[Reason for No-Bid]_.
3. _[Reason for No-Bid]_.
We are very interested in future business opportunities with your organization. Please keep us informed of future projects for which our business solutions are suited. Feel free to contact us should you have any questions or comments.