Get the free Request for Quotation - Sun Life

Request for Quotation Advantage Please PRINT clearly. 1 TM Advantage is a trademark of Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. Company information

How to fill out request for quotation

How to fill out a request for quotation:

1. Begin by gathering all the necessary information for the request, such as the product or service being requested, quantity needed, and any specific requirements or specifications.
2. Research and identify potential suppliers or vendors who are capable of fulfilling the request. This can be done through online research, industry directories, or recommendations from colleagues and business networks.
3. Contact the identified suppliers and provide them with the necessary details of the request, including the deadline for submitting the quotation.
4. Ensure that you provide a clear and concise description of the product or service required, including any technical specifications or quality standards that need to be met.
5. Specify any additional requirements, such as delivery terms, payment terms, or any special considerations that may affect the quotation.
6. Request the suppliers to provide a detailed breakdown of costs in their quotations, including pricing for the product or service, any applicable taxes or fees, as well as any potential discounts or promotions.
7. Set a deadline for suppliers to submit their quotations and make sure to leave enough time for evaluating and comparing their offers.
8. Review the received quotations and evaluate them based on factors such as price, quality, delivery time, supplier reputation, and any other relevant criteria.
9. Seek clarifications or further information from suppliers if necessary, to ensure that you have a clear understanding of their offers.
10. Finally, select the most suitable supplier based on their quotation, overall value, and alignment with your requirements.

Who needs a request for quotation?

1. Businesses and organizations looking to purchase products or services from external suppliers or vendors.
2. Procurement departments or professionals responsible for sourcing and purchasing goods or services for their organization.
3. Any individual or entity that wants to compare and evaluate different suppliers' offers before making a purchasing decision.

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What is request for quotation?

Request for quotation is a document sent to potential suppliers, asking for pricing information for specific products or services.

Who is required to file request for quotation?

Typically, procurement or purchasing departments are responsible for filing requests for quotations.

How to fill out request for quotation?

To fill out a request for quotation, you need to provide details about the products or services needed, quantity required, and any specific requirements.

What is the purpose of request for quotation?

The purpose of a request for quotation is to gather pricing information from suppliers in order to compare and select the best offer.

What information must be reported on request for quotation?

Information such as product specifications, quantity needed, delivery schedule, and terms and conditions should be included in a request for quotation.