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NATIONAL TRANSMISSION CORPORATION CORPORATE SERVICES GROUP TransCo Annex Bldg., Dalian, Quezon City Tel. No. 9021521/Fax No. 9146209 SUPPLIERS TECHNICAL/PRICE QUOTATION FORM (NEGOTIATED PROCUREMENT:
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How to fill out negotiated procurement small value
How to fill out negotiated procurement small value
01
Identify the need for the procurement and determine if it falls under the category of negotiated procurement small value.
02
Prepare a request for quotation (RFQ) or invitation to bid (ITB) document, specifying the goods or services required.
03
Send the RFQ or ITB to at least three qualified suppliers or contractors.
04
Wait for the submission of quotations or bids from the suppliers or contractors.
05
Evaluate the quotations or bids based on the criteria set in the RFQ or ITB.
06
Select the supplier or contractor with the most advantageous quotation or bid.
07
Award the procurement contract to the selected supplier or contractor.
08
Monitor the performance of the supplier or contractor to ensure compliance with the contract terms.
09
Close the procurement process by completing all necessary documentation and records.
Who needs negotiated procurement small value?
01
Negotiated procurement small value is needed by organizations or entities that require goods or services for their operations.
02
It is commonly used when the value of the procurement falls below a certain threshold that allows for a more simplified and expedited procurement process.
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What is negotiated procurement small value?
Negotiated procurement small value is a method of procurement where bids or proposals are not required for purchases falling below a certain threshold.
Who is required to file negotiated procurement small value?
Government agencies or institutions that are authorized to procure goods or services.
How to fill out negotiated procurement small value?
Fill out the necessary forms provided by the procurement office and submit all required documentation.
What is the purpose of negotiated procurement small value?
The purpose is to expedite the procurement process for goods or services that are low in value.
What information must be reported on negotiated procurement small value?
Information such as the vendor name, item description, quantity, unit price, and total cost.
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