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CFI Request for Quotation McGill University Department: Contact: Tel: Fax: Email: Bidder: Contact: Fax: Request date: RFQ No.: Closing date: Subject of the RFQ: The acquisition of the equipment and×or

How to fill out request for quotation

To fill out a request for quotation, follow these steps:

1. Start by identifying the products or services you are seeking. Clearly describe the specifications, quantities, and any other necessary details.
2. Include your contact information, such as your name, company name, address, phone number, and email. This will help the suppliers reach out to you with their quotes.
3. Specify the terms and conditions that suppliers should consider when providing their quotations. This might include factors such as delivery time, payment terms, quality requirements, or any other relevant terms.
4. If applicable, provide a deadline for receiving the quotations. This will help you manage your procurement process effectively.
5. Seek quotes from multiple suppliers to compare prices, quality, and other factors. This can help you make an informed decision and choose the most suitable supplier for your needs.

Who needs a request for quotation?

1. Businesses: Businesses of all sizes and industries can benefit from using a request for quotation to streamline their procurement process. Whether for purchasing raw materials, equipment, or outsourcing services, businesses can use this document to gather competitive quotes and make informed purchasing decisions.
2. Government agencies: Government entities often have strict procurement guidelines and regulations. Request for quotations helps government agencies to maintain transparency, comparability, and accountability in their procurement processes.
3. Non-profit organizations: Non-profit organizations, like any other entities, may require products or services to support their operations. A request for quotation helps them obtain competitive quotes from potential suppliers and select the most cost-effective options.

In conclusion, anyone looking to procure goods or services, be it businesses, government agencies, or non-profit organizations, can benefit from using a request for quotation to facilitate their procurement process.

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What is request for quotation?

Request for quotation is a document used in procurement processes to solicit price quotes from suppliers for products or services.

Who is required to file request for quotation?

Typically, procurement or purchasing departments within organizations are responsible for filing requests for quotation.

How to fill out request for quotation?

To fill out a request for quotation, include details about the product or service needed, quantity required, delivery timeline, and any specific requirements or specifications.

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 make informed purchasing decisions.

What information must be reported on request for quotation?

Information such as product or service specifications, quantity needed, delivery requirements, and any other relevant details should be included in a request for quotation.