Get the free REQUEST FOR QUOTATION (RFQ) of SDSSU Tandag Campus

Republic of the Philippines AURIGA DEL SUR STATE UNIVERSITY Rosario, Tan dag, Auriga del SUR Tel. No.: 0862142744 Email: SDSU BAC yahoo.com Bids and Awards Committee on Goods REQUEST FOR QUOTATION

How to fill out request for quotation rfq

How to fill out request for quotation rfq

1. Start by gathering all the necessary information for the request for quotation (RFQ). This includes the details of the product or service you are looking to procure, any specific requirements or specifications, quantity needed, and the desired delivery timeline.
2. Identify potential suppliers or vendors who can fulfill your requirements. This can be done through market research, referrals, or by reaching out to industry associations or trade networks.
3. Prepare a clear and concise RFQ document. This should include a brief introduction about your organization, a detailed description of the product or service needed, any technical specifications, quality standards, and delivery requirements.
4. Include a request for pricing information, including unit prices, any applicable taxes or duties, and any other cost factors such as shipping or installation fees.
5. Specify the evaluation criteria that will be used to select the supplier, such as price, quality, delivery timeline, or any other relevant factors.
6. Provide a deadline for suppliers to submit their quotations. This should allow enough time to review and compare the proposals received.
7. Share the RFQ with the selected suppliers. This can be done through email, a supplier portal, or any other preferred communication method.
8. Monitor the submission deadline and make sure to answer any queries or clarifications from suppliers in a timely manner.
9. Once all the quotations have been received, evaluate them based on the predetermined criteria and select the supplier that best meets your needs.
10. Notify the chosen supplier and negotiate the final terms and conditions of the contract.
11. Follow up with any unsuccessful suppliers to inform them of the outcome and thank them for their participation.
12. Finally, formalize the agreement with the chosen supplier by signing the contract and initiating the procurement process.

Who needs request for quotation rfq?

1. Request for Quotation (RFQ) is commonly used by organizations or businesses that are looking to procure products or services from external suppliers.
2. This includes companies in various industries such as manufacturing, construction, IT, healthcare, retail, and more.
3. RFQ can be used by both small businesses and large corporations, depending on their procurement needs and requirements.
4. By using an RFQ, organizations can gather pricing information, compare suppliers, and select the most suitable vendor to fulfill their needs while ensuring competitive pricing and quality standards.

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What is request for quotation rfq?

Request for Quotation (RFQ) is a document used in procurement to invite suppliers to submit a quotation for goods or services.

Who is required to file request for quotation rfq?

Any organization or individual looking to procure goods or services from suppliers may be required to file a Request for Quotation (RFQ).

How to fill out request for quotation rfq?

To fill out a Request for Quotation (RFQ), one must provide details of the goods or services required, specifications, quantity, delivery requirements, and any other relevant information.

What is the purpose of request for quotation rfq?

The purpose of a Request for Quotation (RFQ) is to invite suppliers to submit competitive quotations for goods or services, allowing the buyer to compare prices and select the best offer.

What information must be reported on request for quotation rfq?

Information that must be reported on a Request for Quotation (RFQ) includes details of the goods or services required, specifications, quantity, delivery requirements, and any terms and conditions.