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Request for Quotation 1 U.S. Embassy Bangkok CSC Cross-Cultural Program Training FY2020 SECTION 1 THE SCHEDULE PRICES,1.PERFORMANCE WORK STATEMENT. The purpose of this firm fixed price is to conduct
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01
Start by gathering all the necessary information such as product descriptions, quantities, and specifications.
02
Determine the preferred method of delivery, whether it's through email, fax, or an online portal.
03
Create a professional template for the request, including your company's name, address, contact information, and logo if applicable.
04
Clearly state the purpose of the request, which is to receive a quotation for the desired products or services.
05
List each item or service separately, providing as much detail as possible, including any specific requirements or quality standards.
06
Specify the desired delivery date or time frame, if applicable.
07
Include any special terms or conditions that should be considered by the suppliers, such as payment terms, warranty requirements, or packaging preferences.
08
Indicate the deadline for submitting the quotation and provide instructions on how to submit it.
09
Proofread the request for any errors or omissions before sending it out.
10
Send the request to potential suppliers and wait for their quotations.
11
Evaluate the received quotations and select the most suitable supplier based on factors like price, quality, delivery time, and reputation.
12
Respond to the chosen supplier with a formal acceptance or negotiate any necessary changes before finalizing the agreement.

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01
Request for Quotation (RFQ) is needed by businesses and organizations that intend to purchase goods or services from suppliers.
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It can be used in various industries such as manufacturing, construction, healthcare, retail, and more.
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Small businesses, medium-sized enterprises, and large corporations can all benefit from using RFQs to compare prices and negotiate favorable terms with suppliers.
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Purchasing departments, procurement teams, and project managers typically handle the request for quotation process to ensure that the organization gets competitive offers and makes informed decisions.
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Request for Quotation (RFQ) is a document used to invite suppliers or vendors to submit a quote for products or services.
Usually procurement or purchasing departments in organizations are responsible for filing request for quotation.
RFQs can be filled out by providing details about the products or services needed, quantity required, delivery time frame, and any other relevant information.
The purpose of RFQ is to gather competitive quotes from suppliers to compare prices and terms before making a purchasing decision.
Information such as product specifications, quantity needed, delivery requirements, pricing details, terms and conditions, and any other relevant information should be reported on RFQ.
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