Get the free request for quotation - Bharat Petroleum

To, M/s. BCL ESTIMATE MUMBAI. India 400038. PH:, Fax:. Vendor Code:300648REQUEST FOR QUOTATION No/Date: 6001177370 / 31.05.2018Quotation Due Date/Time:14.06.2018/14:00:00Collective RFQ Number/ Purchase

How to fill out request for quotation

How to fill out request for quotation

1. Start by gathering all the necessary information about the products or services you want to request a quotation for.
2. Prepare a clear and concise description of your requirements, including specifications, quantities, and any special instructions.
3. Identify potential suppliers or vendors who might be able to provide the requested products or services.
4. Create a professional and well-structured request for quotation document, including your company's contact details, the desired delivery date, and any specific terms and conditions.
5. Clearly state the deadline for submitting the quotation and any other relevant information, such as preferred payment methods.
6. Share the request for quotation with the selected suppliers or vendors, either by email or through an online platform.
7. Follow up with the recipients to ensure they have received the request and answer any questions they might have.
8. Evaluate and compare the received quotations based on factors like price, quality, delivery time, and previous experience with the suppliers.
9. Select the most suitable supplier or vendor based on your evaluation and negotiate any terms or conditions if necessary.
10. Confirm your decision by requesting a formal purchase order or by directly communicating your acceptance to the chosen supplier.
11. Keep a record of all the received quotations, your evaluation, and the final agreement for future reference.

Who needs request for quotation?

1. Request for quotation is useful for any individual or organization that intends to purchase goods or services from external suppliers or vendors.
2. This can include businesses of all sizes, government agencies, educational institutions, non-profit organizations, and even individuals seeking to make a significant purchase.
3. By sending a request for quotation, the buyer can gather price and product/service information from multiple suppliers/vendors, compare offers, evaluate the best options, and ultimately make an informed purchasing decision.

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What is request for quotation?

Request for Quotation (RFQ) is a document used in the procurement process to invite suppliers to submit a quotation for the supply of goods or services.

Who is required to file request for quotation?

The procurement team or purchasing department of an organization is responsible for filing a request for quotation.

How to fill out request for quotation?

To fill out a request for quotation, the procurement team must provide details of the goods or services required, the quantity, delivery requirements, and any other specifications.

What is the purpose of request for quotation?

The purpose of a request for quotation is to gather competitive bids from suppliers in order to obtain the best value for the organization.

What information must be reported on request for quotation?

A request for quotation must include details of the goods or services required, quantity, delivery requirements, specifications, and any terms and conditions.