Requesting Contract Renewal or Extension for a Purchase Order
Overview
When a purchase order's contract is about to expire, it is essential to renew or extend the contract to maintain a business relationship with the supplier. The process of requesting a contract renewal or extension involves sending an email to the supplier that clearly outlines the terms of the new contract, including price, delivery times, and payment terms. The email should be written professionally and should include a brief explanation of why the company is interested in extending the contract and what benefits both parties.
Subject: Request for Contract Renewal or Extension for [Product/Service Name]
Dear [Supplier Name],
I hope this email finds you well. I am writing to request a contract renewal or extension for our current purchase order [PO Number] for [Product/Service Name]. As our current contract is set to expire soon, we would like to extend our business relationship and continue to work with your company.
We have been extremely satisfied with the quality of your products/services, timely delivery, and excellent customer service over the past year. Therefore, we would like to continue working with your company for another year. We believe that extending our contract will be mutually beneficial for both our organizations.
Please let us know if you are interested in renewing our contract, and if so, kindly provide us with the terms and conditions and any other necessary information. We would appreciate it if you could respond to this email within the next two weeks.
Thank you for your cooperation, and we look forward to hearing back from you soon.
Best regards,
[Your Name]
Subject: Request for Contract Extension or Renewal for [Product/Service Name] - Revised Terms and Conditions
Dear [Supplier Name],
I hope this email finds you well. We are writing to request a contract extension or renewal for our current purchase order [PO Number] for [Product/Service Name]. We have been very satisfied with the quality of your products/services, timely delivery, and excellent customer service over the past year. As our current contract is set to expire soon, we would like to extend our business relationship and continue to work with your company.
However, we would like to propose some changes to the terms and conditions of the current contract. We have attached a revised contract for your review, which includes updated terms and conditions that we believe will be mutually beneficial for both our organizations.
Please let us know if you are interested in renewing our contract with the revised terms and conditions. We would appreciate it if you could respond to this email within the next two weeks.
Thank you for your cooperation, and we look forward to hearing back from you soon.
Best regards,
[Your Name]
Subject: Request for Contract Renewal or Extension for [Product/Service Name] - Price Negotiation
Dear [Supplier Name],
I hope this email finds you well. I am writing to request a contract renewal or extension for our current purchase order [PO Number] for [Product/Service Name]. As our current contract is set to expire soon, we would like to extend our business relationship and continue to work with your company.
We have been extremely satisfied with the quality of your products/services, timely delivery, and excellent customer service over the past year. However, we would like to negotiate the price of the products/services as we have received competitive offers from other suppliers.
Therefore, we kindly request your proposal for the pricing of the products/services for the contract renewal or extension. We are open to discussing the terms and conditions of the contract to ensure that we can continue to work together in a mutually beneficial manner.
Please let us know if you are interested in renewing our contract with the revised pricing. We would appreciate it if you could respond to this email within the next two weeks.
Thank you for your cooperation, and we look forward to hearing back from you soon.
Best regards,
[Your Name]
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Posts in this Series
- Acknowledging a Delayed Delivery and Requesting Expedited Shipping on a Purchase Order
- Acknowledging Changes to a Purchase Order Request
- Acknowledging Receipt of a Purchase Order
- Apologizing for Delay or Non-fulfillment of a Purchase Order
- Confirming Order Details and Delivery Dates in a Purchase Order
- Declining a Purchase Order Due to Availability or Pricing Issues
- Issuing a Purchase Order for a Large-Scale Project or Contract
- Negotiating Payment Terms on a Purchase Order
- Providing Notice of Termination on a Purchase Order
- Requesting a Purchase Order for Goods or Services
- Requesting a Quote Before Issuing a Purchase Order
- Requesting Additional Documentation for Compliance on a Purchase Order
- Requesting an Extension for Payment on a Purchase Order
- Requesting Changes or Cancellations to a Purchase Order
- Requesting Confirmation of Delivery of a Purchase Order
- Requesting Contract Renewal or Extension for a Purchase Order
- Requesting for Additional Information to Complete a Purchase Order
- Requesting Payment for a Purchase Order
- Requesting Proof of Shipment on a Purchase Order
- Requesting Refund or Return on a Purchase Order