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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:SMALL

How to fill out negotiated procurementsmall value procurement

How to fill out negotiated procurementsmall value procurement

1. Identify the goods or services that you require for your project.
2. Determine the estimated value of the procurement. If the value is below a certain threshold, typically set by the procurement regulations of your country or organization, it qualifies as a small value procurement.
3. Conduct market research to identify potential suppliers who can provide the goods or services you need.
4. Prepare the procurement documents, such as the Request for Quotation (RFQ) or Request for Proposal (RFP), specifying the requirements, evaluation criteria, and terms of the procurement.
5. Share the procurement documents with the potential suppliers and invite them to submit their quotations or proposals.
6. Evaluate the received quotations or proposals based on the predetermined evaluation criteria. Consider factors such as price, technical capabilities, delivery time, and after-sales support.
7. Select the most suitable supplier based on the evaluation results.
8. Negotiate with the selected supplier to finalize the terms and conditions of the contract.
9. Once the negotiations are successfully completed, award the contract to the selected supplier.
10. Monitor the performance of the supplier during the contract execution to ensure compliance with the agreed-upon terms and quality standards.
11. Close the contract and evaluate the overall procurement process for future improvements.

Who needs negotiated procurementsmall value procurement?

1. Negotiated procurementsmall value procurement is typically needed by organizations or individuals who require goods or services for their projects but do not want to go through a lengthy and formal competitive bidding process. It is suitable for procurements with relatively low value, where the expected benefits of negotiating directly with potential suppliers outweigh the costs and efforts associated with a full-scale bidding procedure. This procurement method allows for quicker decision-making and flexibility in selecting suppliers based on their capabilities and willingness to negotiate favorable terms.

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What is negotiated procurementsmall value procurement?

Negotiated procurement small value procurement is a method of procurement where the buyer negotiates directly with the supplier for goods or services of low value.

Who is required to file negotiated procurementsmall value procurement?

The government agencies or organizations procuring goods or services of low value are required to file negotiated procurement small value procurement.

How to fill out negotiated procurementsmall value procurement?

To fill out negotiated procurement small value procurement, the buyer needs to provide details of the supplier, description of goods/services, quantity, price, and any other relevant information.

What is the purpose of negotiated procurementsmall value procurement?

The purpose of negotiated procurement small value procurement is to simplify the procurement process for goods or services of low value and to ensure efficient and cost-effective purchasing.

What information must be reported on negotiated procurementsmall value procurement?

The information that must be reported on negotiated procurement small value procurement includes details of the buyer, supplier, goods/services, quantity, price, and any other relevant documentation.