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4 World Trade Center, 150 Greenwich Street,21st Floor, New York, NY 10007-Page 1 Of 6 Date 07/07/2016 REQUEST FOR QUOTATION / Bid Due Date 0046520 / 07/25/2016 Bids must be received no later than
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How to fill out request for quotation
How to fill out a request for quotation:
01
Start by gathering all the necessary information for the request. This includes the specific product or service you are inquiring about, the quantity or amount needed, any special requirements or specifications, and the desired delivery or completion date.
02
Research potential suppliers or vendors who can provide the product or service you need. Look for companies that have a good reputation, competitive pricing, and a track record of timely delivery and quality.
03
Contact the chosen suppliers or vendors and request a quotation. This can be done via email, phone call, or through an online quotation form on their website. Provide all the relevant details from step 1 to ensure an accurate quotation.
04
Evaluate the received quotations based on factors such as price, quality, delivery time, and any additional services or benefits offered. Compare the quotes to determine which supplier or vendor best meets your requirements.
05
Once you have selected the preferred supplier or vendor, prepare the necessary paperwork to formalize the purchase. This may include a purchase order, contract, or agreement. Be sure to clearly outline the terms and conditions, payment terms, and any other important details.
06
Review the completed request for quotation and ensure all information is accurate and complete. Double-check for any errors or omissions that may affect the accuracy of the quotation.
07
Submit the request for quotation to the supplier or vendor, either electronically or by mail. Keep a copy of the request for your records.
Who needs a request for quotation:
01
Businesses or organizations that require goods or services from external suppliers or vendors. This can include industries such as manufacturing, construction, retail, hospitality, and many others.
02
Individuals or consumers who are seeking to purchase products or services for personal use or specific projects. This can include items such as appliances, furniture, home renovations, or event services.
03
Government agencies or public institutions that follow procurement procedures and require competitive quotations to ensure fair and transparent procurement processes.
Overall, anyone who intends to make a purchase from an external source can benefit from using a request for quotation to gather information and compare options before making a final decision.
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What is request for quotation?
Request for Quotation (RFQ) is a document where a company asks potential suppliers to submit price quotes and proposals for the purchase of goods or services.
Who is required to file request for quotation?
Request for Quotation is typically filed by procurement or purchasing departments within a company.
How to fill out request for quotation?
To fill out a request for quotation, you need to include details about the goods or services required, desired quantity, delivery date, and any other specific requirements.
What is the purpose of request for quotation?
The purpose of a request for quotation is to gather competitive price quotes from suppliers in order to select the best option for purchase.
What information must be reported on request for quotation?
Information such as company name, contact details, description of goods/services needed, quantity, delivery requirements, and any special terms or conditions.
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