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BIDS AND AWARDS COMMITTEE (BAC)Request for Quotation (RFQ)Date: To all Eligible Suppliers:RFQ No. I. Please quote your lowest price inclusive of VAT on the item/s listed below, subject to the Terms
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The Request for Quotation (RFQ) is sent to all eligible suppliers to invite them to submit their quotes for a specific product or service.
The procurement department or purchasing team is usually responsible for sending out the RFQ to all eligible suppliers.
The RFQ can be filled out by providing the required information such as quantity, specifications, delivery terms, and pricing details.
The purpose of sending out the RFQ is to gather competitive quotes from suppliers to ensure the best value for the products or services being procured.
The RFQ typically includes information on the product or service required, quantity needed, delivery terms, specifications, and any other relevant details.
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