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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. To fill out a request for quotation (RFQ), follow these steps: 1. Identify the product or service you need to procure.
2. Research potential suppliers or vendors who can fulfill your requirements.
3. Prepare a list of detailed specifications or deliverables you expect from the suppliers.
4. Create a document template for your RFQ, including sections for company information, product/service description, quantity required, delivery timeline, payment terms, and any other relevant information.
5. Send the RFQ to the selected suppliers, either through email or by using an online procurement platform.
6. Set a deadline for the suppliers to submit their quotations.
7. Review the received quotations and evaluate them based on factors like price, quality, delivery time, and supplier's reputation.
8. Select the best quotation that meets your requirements and negotiate further if necessary.
9. Issue a purchase order or contract to the chosen supplier to initiate the procurement process.
10. Keep records of all communication and documentation related to the RFQ for future reference.

Who needs request for quotation rfq?

1. Request for quotation (RFQ) is typically needed by organizations or individuals who want to procure products or services from external suppliers or vendors.
2. This can include businesses, government agencies, non-profit organizations, or any entity that requires goods or services not available internally.
3. RFQs are especially useful in competitive procurement processes, as they allow organizations to compare multiple suppliers' quotations and select the best offer.

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What is request for quotation rfq?

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

Who is required to file request for quotation rfq?

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

How to fill out request for quotation rfq?

The RFQ can be filled out by providing details of the required products or services, specifications, quantities, delivery terms, and any other relevant information.

What is the purpose of request for quotation rfq?

The purpose of the RFQ is to gather competitive quotes from suppliers to compare prices, quality, terms, and other factors before making a procurement decision.

What information must be reported on request for quotation rfq?

The RFQ should include details of the products or services required, specifications, quantities, delivery terms, deadlines, evaluation criteria, and any other relevant information.