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August 10, 2017, APRIL 2017 REQUEST FOR QUOTATION Name of Company : Address:Business Permit #:TIN:Phillips#:Please quote your best offer for the item/s described below, subject to the Terms and Conditions

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How to fill out request for quotation

01

Step 1: Start by identifying the product or service for which you need a quotation.

02

Step 2: Gather all the necessary information about the requirements, specifications, and quantities of the product or service.

03

Step 3: Research and identify potential suppliers or vendors who can provide the product or service.

04

Step 4: Write a clear and concise request for quotation (RFQ) document.

05

Step 5: Include all the necessary details in the RFQ, such as delivery time, payment terms, and any specific requirements.

06

Step 6: Send the RFQ to the selected suppliers or vendors via email or through an online quotation platform.

07

Step 7: Follow up with the suppliers or vendors to ensure they have received the RFQ and have all the necessary information.

08

Step 8: Evaluate the received quotations based on price, quality, delivery time, and other relevant factors.

09

Step 9: Communicate and negotiate with the suppliers or vendors to finalize the terms and conditions.

10

Step 10: Select the best quotation and proceed with the purchase or contract agreement.

Who needs request for quotation?

01

Any individual or organization that needs to purchase products or services from suppliers or vendors requires a request for quotation.

02

This includes businesses, government agencies, non-profit organizations, educational institutions, and even individual consumers.

03

Request for quotation helps in obtaining competitive quotes, comparing prices, and making informed decisions before making a purchase.

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What is request for quotation?

Request for quotation (RFQ) is a document used in procurement processes to obtain price quotes from suppliers or vendors for specific goods or services.

Who is required to file request for quotation?

Typically, procurement or purchasing department is responsible for filing request for quotation.

How to fill out request for quotation?

You can fill out request for quotation by including details such as description of the goods or services needed, quantity required, desired delivery date, and any specific requirements.

What is the purpose of request for quotation?

The purpose of request for quotation is to gather competitive bids from suppliers to compare prices and select the best offer.

What information must be reported on request for quotation?

Information required on request for quotation includes details of the products or services needed, delivery requirements, payment terms, and any other specifications.

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