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REQUEST FOR QUOTATION DATE: 07/23/15 TO BE CONSIDERED, YOUR QUOTATION MUST BE RECEIVED BY EMAIL BEFORE: 4:00 p.m., THURSDAY, August 6, 2015, IF FURTHER INFORMATION IS REQUIRED PLEASE CONTACT: OLIVIA
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How to fill out request for quotation

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How to fill out a request for quotation:

01
Start by gathering all the necessary information about the product or service you are requesting a quotation for. This may include specifications, quantities, delivery requirements, and any other relevant details.
02
Identify potential suppliers or vendors who can provide the product or service. Research and compile a list of suppliers who have a good reputation, experience, and competitive pricing.
03
Create a formal document or template for the request for quotation (RFQ). This should include your company's name, address, contact details, and a clear description of the products or services required.
04
Include specific instructions for how suppliers should submit their quotations. This may involve submitting the quotations through email, an online portal, or any other preferred method.
05
Indicate the desired timeframe for receiving the quotations. Specify the deadline for submissions and provide contact information in case suppliers have any questions or need clarification.
06
Attach any necessary supporting documents such as technical specifications, drawings, or previous pricing information to provide suppliers with a better understanding of the project.
07
Clearly state any additional requirements, such as compliance with certain standards, quality certifications, or any specific contractual terms that need to be considered.
08
Review the completed request for quotation thoroughly to ensure all the necessary information is included and there are no errors or omissions.
09
Distribute the RFQ to the selected suppliers, ensuring that each supplier receives the same information and has an equal opportunity to provide a quotation.
10
Monitor the progress of the RFQ process, following up with suppliers if needed. Evaluate the quotations received based on factors such as price, quality, delivery time, and overall suitability for your needs.
11
Finally, select the supplier who offers the best value for your requirements and negotiate any necessary terms before entering into a contract.

Who needs a request for quotation:

01
Companies or organizations looking to purchase goods or services for their operations.
02
Government agencies or public sector entities seeking competitive bids for projects or contracts.
03
Individuals or businesses seeking pricing information and proposals from suppliers or service providers before making a purchasing decision.
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Request for Quotation (RFQ) is a document used in procurement to invite suppliers to submit a bid for the supply of goods or services.
Typically, a purchasing department or buyer within a company is responsible for filing request for quotation.
To fill out a request for quotation, you need to provide details about the product or service you need, delivery requirements, quantities, and any specific terms or conditions.
The purpose of request for quotation is to gather pricing information from potential suppliers in order to make an informed purchasing decision.
Information such as product or service specifications, quantities needed, delivery details, terms and conditions, and any other relevant information must be reported on the request for quotation.
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