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United Nations Development Program REQUEST FOR QUOTATION (RFQ) REFERENCE: RFQ/ART/12/044 DATE: 11/04/2012 Dear Sir / Madam: You are kindly requested to submit a quotation for the following goods.
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How to fill out request for quotation rfq

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How to fill out a request for quotation (RFQ):

01
Start by gathering all the necessary information about the product or service you require. This includes specifications, quantities, delivery requirements, and any other relevant details.
02
Research potential suppliers or vendors who can fulfill your requirements. Consider factors such as their reputation, quality of products, pricing, and delivery capabilities.
03
Contact the selected suppliers or vendors and send them the RFQ document. The RFQ should provide a clear description of your requirements, deliverables, and any specific instructions they need to follow.
04
Allow a reasonable amount of time for suppliers to review and prepare their quotations. This period may vary depending on the complexity of your requirements and the responsiveness of the suppliers.
05
Evaluate the received quotations based on factors such as cost, quality, delivery time, and additional services offered. Use a standardized evaluation criteria to ensure fair comparison.
06
If necessary, schedule meetings or discussions with the suppliers to clarify any doubts or negotiate terms and conditions.
07
Select the most suitable supplier based on your evaluation and award them the contract. Notify both successful and unsuccessful suppliers about your decision.
08
Review the contract terms with the chosen supplier and ensure all the agreed-upon details are included. It is essential to clarify any discrepancies before finalizing the agreement.
09
Keep a record of the RFQ process, including all communications, quotations, and contract documents, for future reference.

Who needs a request for quotation RFQ?

01
Organizations or businesses that require goods or services from external suppliers or vendors.
02
Companies seeking multiple quotes to compare prices, quality, and services before making a purchasing decision.
03
Government agencies or public sector organizations that need to adhere to procurement regulations and ensure a fair and competitive bidding process.
04
Startups or small businesses looking to establish relationships with suppliers and establish competitive pricing for their products or services.
05
Any entity that wants to ensure transparency and accountability in the procurement process by documenting the requirements and soliciting formal quotes.
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RFQ is a document used in procurement to request quotes from potential suppliers for a product or service.
Typically, purchasing or procurement departments within an organization are responsible for filing RFQs.
RFQs can be filled out by detailing the specifications of the product or service required, timelines, quantities, and any other relevant information for potential suppliers to provide quotes.
The purpose of an RFQ is to gather competitive quotes from suppliers in order to obtain the best value for a product or service.
Information such as product or service specifications, quantities needed, timelines, and any additional requirements must be included in an RFQ.
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