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PHILIPPINE BIDDING DOCUMENTS (AS HARMONIZED WITH DEVELOPMENT PARTNERS)PROCUREMENT OF 20192022 SECURITY SERVICES NATIONAL CAPITAL REGION AND LUZON 052018 PRIVATIZATION AND MANAGEMENT OFFICE1TABLE OF

How to fill out request for quotation

How to fill out request for quotation

1. Start by identifying the product or service you require and gather all relevant details such as quantity, specifications, and delivery requirements.
2. Research potential suppliers or vendors who can provide the product or service. You can use online directories, industry associations, or recommendations from colleagues.
3. Prepare a formal request for quotation document. It should include your company's name, contact information, and a clear description of the product or service you need.
4. Specify any specific requirements or standards that the supplier must meet.
5. Indicate the deadline for submitting quotations and any other relevant dates.
6. Send the request for quotation to the selected suppliers either via email or by using an online sourcing platform.
7. Follow up with the suppliers to ensure they received the request and answer any questions they may have.
8. Receive and review the quotations from suppliers. Compare prices, delivery terms, and any other factors important to your decision-making process.
9. Select the most suitable supplier based on the evaluation of their quotation and other factors such as their reputation, quality of previous work, and customer reviews.
10. Notify the chosen supplier and negotiate any final terms or conditions before placing an order.
11. Keep a record of all communication and documentation related to the request for quotation for future reference.

Who needs request for quotation?

1. Request for quotation is commonly used by businesses and organizations of all sizes and industries that are looking to purchase products or services from external suppliers.
2. Procurement departments, purchasing managers, and project managers often initiate the request for quotation process to gather pricing information and evaluate potential suppliers.
3. Whether it's for acquiring raw materials, equipment, or professional services, anyone involved in making purchasing decisions can benefit from using a request for quotation.

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What is request for quotation?

Request for quotation is a document used in procurement to request price and delivery information from suppliers for the purchase of goods or services.

Who is required to file request for quotation?

Any organization or individual looking to purchase goods or services from suppliers may be required to file a request for quotation.

How to fill out request for quotation?

To fill out a request for quotation, include details about the required goods or services, delivery requirements, quantity needed, and any other relevant information for suppliers to provide accurate quotes.

What is the purpose of request for quotation?

The purpose of a request for quotation is to gather pricing information from suppliers in order to compare offers and select the best vendor for the goods or services needed.

What information must be reported on request for quotation?

Information such as the description of goods or services needed, quantity required, delivery terms, payment terms, and any other specific requirements should be reported on a request for quotation.