I need to request a letter to procurement department for “xxx client” to cancel the performance bond of contract t which is for 3 years without canceling the contract.
the reasons for canceling the bond are as follow:
1. We did not receive so many projects, and the tender bond is costing us a lot and affecting our business.
I also would like to mention, that we don't want to break the contract, and that we will issue performance bonds by project.
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