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REQUEST FOR QUOTATION RFQ number/date 2060018406 / 2014.02.18 RFQ Collective Number Q14M037 Contact person/Telephone Mitchell Crowell/902 4904207 This number must appear on all invoices lading bills,
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How to fill out request for quotation

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How to fill out request for quotation

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Step 1: Gather all the necessary information needed for the request for quotation such as product specifications, quantities, and delivery requirements.
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Step 2: Identify potential suppliers or vendors who can fulfill the requested products or services.
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Step 3: Create a formal request for quotation document using a template or standard format.
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Step 4: Specify all the details in the request for quotation including the desired delivery date, payment terms, and any special requirements.
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Step 5: Send the request for quotation to the selected suppliers or vendors via email, fax, or through an online procurement portal.
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Step 6: Provide a deadline for the suppliers to submit their quotations.
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Step 7: Review the received quotations and compare them based on price, quality, delivery terms, and any other relevant criteria.
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Step 8: Select the most suitable supplier based on the evaluation and negotiate any final terms if necessary.
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Step 9: Accept the quotation from the chosen supplier and proceed with the purchase or contract agreement.
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Step 10: Keep records of the request for quotation and the quotations received for future reference or audit purposes.

Who needs request for quotation?

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Companies or organizations that purchase goods or services from external suppliers often require a request for quotation.
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Businesses that are looking to compare prices, quality, and terms from multiple suppliers before making a purchasing decision.
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Government agencies or public institutions that need to follow a competitive bidding process for transparency and fair procurement.
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Manufacturers or wholesalers who need to source raw materials or components from different suppliers and want to get the best possible price.
05
Contractors or construction firms that require quotations from subcontractors or specialized service providers for a particular project.
06
Retailers or e-commerce businesses that want to explore different suppliers to expand their product range or negotiate better pricing.
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Any individual or organization that wants to ensure they are getting the best value for their money and make informed purchasing decisions.
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Request for quotation is a document used in procurement to invite suppliers to submit a quote for supplying goods or services.
Typically, the purchasing department or procurement team is responsible for filing a request for quotation.
To fill out a request for quotation, one must provide details about the goods or services required, quantity needed, delivery date, and any other specifications.
The purpose of a request for quotation is to gather competitive quotes from suppliers to ensure the best price and quality for goods or services.
Information such as description of goods or services, quantity needed, delivery requirements, payment terms, and any other relevant details must be reported on a request for quotation.
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