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Branch Banking Group Northern Luzon (BBG NL) Bids and Awards Committee (BAC)REQUEST FOR QUOTATION The Development Bank of the Philippines (DBP), through its Branch Banking Group Northern Luzon (BBG

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How to fill out request for quotation

01

Step 1: Start by gathering all the necessary information about your product or service that you want to request a quotation for.

02

Step 2: Create a document or form with all the required fields such as product details, quantity needed, delivery date, and any special requirements.

03

Step 3: Clearly state your contact details and preferred method of communication in the request for quotation.

04

Step 4: Identify potential suppliers or vendors who can provide the product or service you need and send the request for quotation to them.

05

Step 5: Follow up with the suppliers to ensure they received the request and ask for any additional information they may need.

06

Step 6: Review the quotations received from different suppliers and compare their prices, quality, and delivery terms.

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Step 7: Select the best-suited supplier based on your evaluation and negotiate the terms if necessary.

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Step 8: Once you have chosen a supplier, inform them of your decision and proceed with placing the order or further negotiations.

09

Step 9: Keep a record of all the quotations received and the selected supplier's contact details for future reference.

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Step 10: Monitor the progress of the order and communicate any changes or updates to the supplier as required.

Who needs request for quotation?

01

Any individual or organization that is looking to purchase a product or service from a supplier or vendor needs a request for quotation.

02

Businesses, particularly those in the manufacturing, construction, or procurement sectors, commonly use request for quotation to source materials, equipment, or services.

03

Government agencies, non-profit organizations, and educational institutions also often require request for quotation when procuring goods and services.

04

Individual consumers may also use request for quotation when seeking quotes from different service providers for tasks like home renovations, repairs, or event planning.

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What is request for quotation?

Request for quotation is a document used in procurement to solicit price quotes from potential suppliers for specific goods or services.

Who is required to file request for quotation?

Request for quotation is typically filed by purchasing departments or procurement officers within an organization.

How to fill out request for quotation?

To fill out a request for quotation, one must specify the goods or services needed, provide detailed specifications, and indicate the desired quantity and delivery timeline.

What is the purpose of request for quotation?

The purpose of request for quotation is to gather pricing information from suppliers in order to make informed purchasing decisions.

What information must be reported on request for quotation?

Information reported on request for quotation typically includes product or service details, quantity needed, delivery requirements, and any special instructions or terms.

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