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LIMITED TENDER Inquiry NO. IIT/EST PUR/EST15/KM/1314 January 22, 2014, Sub.: Request for Quotation for Network Items Dear Sir, You are requested to quote for the following items sealed in single cover
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How to fill out request for quotation for

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

01
Begin by clearly stating your company's name and contact information at the top of the RFQ document. This ensures that the suppliers or vendors know who the request is coming from and how to reach you for any clarifications.
02
Provide a detailed description of the product or service you are seeking quotations for. Include specifications, quantities required, expected delivery dates, and any other relevant details that vendors need to know in order to provide accurate quotes.
03
Clearly define the terms and conditions of the RFQ, such as payment terms, warranties, or any specific certification requirements. This helps vendors understand your expectations and prevents any misunderstandings later on.
04
Include a deadline for vendors to submit their quotations. This ensures that you receive timely responses and allows you to compare the quotes and make informed decisions.
05
If there are any specific formats you require the vendors to follow or documents you need them to include with their quotation, clearly mention it in the RFQ.

Who needs a request for quotation?

01
Businesses looking to procure goods or services at competitive prices can benefit from using RFQs. It allows them to invite multiple vendors to provide quotes, compare prices, and select the most suitable supplier.
02
Project managers or procurement officers within an organization often use RFQs to collect pricing information and assess potential suppliers. This helps them make informed decisions and ensure they are getting the best value for their money.
03
Government agencies or organizations operating in regulated industries may be required to issue RFQs as part of their procurement process to ensure fairness and transparency in supplier selection.
In summary, filling out an RFQ involves providing detailed information about the required product or service, specifying terms and conditions, setting a deadline, and clearly communicating any specific requirements to potential vendors. Anyone seeking competitive pricing and evaluating multiple suppliers can benefit from using RFQs.
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A request for quotation is a document used in the procurement process to invite suppliers to submit a quotation for supplying goods or services.
The buyer or the procurement department is responsible for filing a request for quotation to invite suppliers to submit their quotes.
To fill out a request for quotation, the buyer should provide details such as the description of the goods or services required, quantity, delivery timelines, specifications, and any additional terms or conditions.
The purpose of the request for quotation is to gather competitive bids from potential suppliers, compare them, and select the most suitable supplier offering the best value for money.
The request for quotation should include information like the buyer's contact details, required delivery date, specific requirements, quality standards, payment terms, evaluation criteria, and any other relevant details for suppliers to provide an accurate quotation.
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