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This document is a request for quotation (RFQ) for the purchase of goods/services related to the upgrading of parks in accordance with SCM regulations and the Local Government Municipal Finance Management
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How to Fill Out RFQ Validity Period:

01
Begin by locating the RFQ validity period section on the provided form or document.
02
Enter the starting date of the validity period. This is usually the date when the RFQ is issued or the date when the supplier's quote becomes effective.
03
Determine the duration of the validity period, which is the length of time the supplier's quote will remain valid. This can vary depending on the specific requirements or industry standards.
04
Specify the end date of the validity period by adding the determined duration to the starting date.
05
Double-check the accuracy of the entered dates to avoid any confusion or discrepancies.
06
Fill in any additional information or instructions related to the RFQ validity period if required, such as any conditions for extension or renewal.
07
Review the filled-out RFQ validity period section for any errors or omissions before submitting it.

Who Needs RFQ Validity Period:

01
Any organization or individual that issues a request for quotation (RFQ) requires a validity period for the received quotes.
02
Suppliers or service providers who submit quotes in response to an RFQ also need to be aware of the validity period.
03
Both the party issuing the RFQ and the suppliers involved benefit from a clearly defined validity period as it ensures pricing and terms remain consistent during the evaluation and negotiation process.
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The rfq validity period refers to the period of time during which a request for quotation (rfq) is considered valid by the receiving party.
The party issuing the request for quotation (rfq) is responsible for setting and filing the rfq validity period.
To fill out the rfq validity period, the issuer needs to determine the length of time for which the rfq will remain valid and include this information in the rfq documentation.
The purpose of the rfq validity period is to ensure that the pricing and terms offered in response to the rfq remain valid for a specified duration, allowing the issuer to make informed decisions based on received quotations.
The rfq validity period should include the start and end dates or times for which the rfq and accompanying quotations are considered valid.
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Relevant keywords

quotation RFQ SCM regulations City Parks upgrading parks procurement BEE evaluation criteria local government

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