Get the free (NEGOTIATED PROCUREMENT: SMALL VALUE PROCUREMENT)

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:

How to fill out negotiated procurement small value

How to fill out negotiated procurement small value

1. Start by reviewing the requirements and specifications of the project to ensure you understand the scope.
2. Conduct research to identify potential suppliers or contractors who can meet the project's needs.
3. Prepare a Request for Quotation (RFQ) document detailing the specific requirements and submission instructions.
4. Share the RFQ with the identified suppliers or contractors and allow them sufficient time to submit their quotations.
5. Evaluate the received quotations based on specified criteria such as price, quality, and delivery time.
6. Negotiate with the selected suppliers or contractors to refine the terms, conditions, and pricing.
7. Seek necessary approvals and authorization as per the organization's procurement policies.
8. Prepare a contract or purchase order with the finalized terms and conditions.
9. Notify the successful supplier or contractor and initiate the necessary procurement procedures.
10. Monitor and manage the procurement process to ensure timely delivery and compliance with the agreed terms.

Who needs negotiated procurement small value?

1. Negotiated procurement small value may be needed by government agencies or organizations that have specific projects or requirements.
2. It is typically utilized when the value of the procurement is relatively low and can be handled through a streamlined negotiation process.
3. This method allows for more flexibility and efficiency in selecting suppliers or contractors for smaller projects or purchases.

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What is negotiated procurement small value?

Negotiated procurement small value is a procurement method where the procuring entity directly negotiates with a supplier or contractor for the purchase of goods or services below a certain threshold.

Who is required to file negotiated procurement small value?

Government agencies, local government units, and other procuring entities are required to file negotiated procurement small value for purchases below a certain threshold.

How to fill out negotiated procurement small value?

Negotiated procurement small value can be filled out by providing details of the procurement process, justification for using this method, and the terms agreed upon with the supplier or contractor.

What is the purpose of negotiated procurement small value?

The purpose of negotiated procurement small value is to expedite the procurement process for small purchases and promote efficiency in government procurement.

What information must be reported on negotiated procurement small value?

Information such as the supplier or contractor's details, the goods or services procured, the negotiated price, and the reason for choosing this procurement method must be reported on negotiated procurement small value.