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Republic of the Philippines Region XII Province of CotabatoMunicipality of Maxilla OFFICE OF THE BIDS AND AWARD COMMITTEE REQUEST FOR QUOTATION (Shopping) Date: February 28, 2019, Shopping #: 201902041 The

How to fill out request for quotation shopping

How to fill out request for quotation shopping

1. Start by identifying the products or services you need to purchase.
2. Research and gather information about potential suppliers or vendors.
3. Create a clear and concise description of your requirements, including quantity, quality standards, delivery schedule, and any specific preferences.
4. Prepare a request for quotation (RFQ) document, which should include the description of your requirements, terms and conditions, and any additional instructions.
5. Send the RFQ document to the selected suppliers or vendors via email or through an online platform.
6. Set a deadline for the suppliers or vendors to submit their quotations.
7. Evaluate the received quotations based on factors such as price, quality, delivery time, and supplier credibility.
8. If necessary, conduct additional communication or negotiation with the suppliers to clarify any questions or negotiate better terms.
9. After evaluating the quotations and finalizing the selection, notify the chosen supplier and proceed with the purchasing process as per the agreed terms.
10. Keep records of the RFQ process, including quotations received, supplier communications, and the final purchase agreement, for reference and future audits.

Who needs request for quotation shopping?

1. Request for quotation shopping can be useful for various entities or individuals, including:
2. - Businesses of all sizes, from small startups to large corporations, who want to compare and obtain competitive prices for their required products or services.
3. - Procurement departments or professionals responsible for sourcing and purchasing in organizations.
4. - Government agencies or public institutions seeking transparent and competitive procurement processes.
5. - Consumers or individuals who wish to gather quotes or estimates from multiple suppliers before making a purchase decision.

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What is request for quotation shopping?

Request for quotation shopping is a procurement method used by organizations to obtain price quotes from multiple suppliers for goods or services, ensuring competitive pricing and informed decision-making.

Who is required to file request for quotation shopping?

Generally, public entities and organizations that follow procurement regulations are required to file a request for quotation shopping when seeking competitive quotes for purchases above a certain threshold.

How to fill out request for quotation shopping?

To fill out a request for quotation shopping, include details such as the item description, quantity needed, delivery requirements, and any specific terms or conditions for the suppliers to address in their quotes.

What is the purpose of request for quotation shopping?

The purpose of request for quotation shopping is to foster competition among suppliers, obtain the best prices and terms, and ensure transparency and fairness in the procurement process.

What information must be reported on request for quotation shopping?

Information that must be reported includes the list of suppliers contacted, the quotations received, the rationale for selecting a particular supplier, and any agreements made.