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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: March 20, 2019, Shopping #: 201903084

How to fill out request for quotation shopping

How to fill out request for quotation shopping

1. Determine your needs: Before filling out a request for quotation (RFQ) for shopping, it is important to clearly understand what products or services you require. Identify the specifications, quantities, and any specific requirements you may have.
2. Research suppliers: Find potential suppliers who can meet your needs. Look for reputable and reliable companies that specialize in the products or services you are looking for.
3. Prepare the RFQ document: Create a detailed RFQ document that outlines your requirements. Include a clear description of the products or services, specifications, delivery timeline, and any other relevant details.
4. Send the RFQ: Send the RFQ document to the selected suppliers. Provide them with a deadline for submitting their quotations.
5. Evaluate the quotations: Once you receive the quotations, carefully evaluate them based on factors like price, quality, delivery time, and supplier reputation.
6. Select the supplier: Choose the supplier that best meets your needs and offers the most competitive quotation.
7. Negotiate and finalize the terms: Engage in negotiations with the selected supplier to finalize the contractual terms, such as price, payment terms, and any other relevant conditions.
8. Confirm the order: After reaching an agreement with the supplier, confirm the order by sending a purchase order or signing a contract.
9. Monitor the delivery: Keep track of the delivery process to ensure that the supplier adheres to the agreed-upon timeline and delivers the correct products or services.
10. Provide feedback: After receiving the products or services, provide feedback to the supplier regarding their performance and the overall satisfaction with the transaction.

Who needs request for quotation shopping?

1. Request for quotation shopping can be beneficial for various entities including:
2. - Businesses procuring goods or services for their operations.
3. - Retailers and wholesalers looking for new products to add to their inventory.
4. - Government organizations seeking competitive pricing for public procurement.
5. - Individuals or households planning to make a large purchase and want to compare prices from different suppliers.

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What is request for quotation shopping?

Request for quotation shopping is a procurement process where an organization solicits price quotes from multiple suppliers to compare costs and select a vendor for a specific product or service.

Who is required to file request for quotation shopping?

Usually, businesses and organizations that require goods or services above a certain threshold are required to file a request for quotation shopping.

How to fill out request for quotation shopping?

To fill out a request for quotation shopping, you need to provide details about the goods or services needed, include specifications, timelines, and the criteria for evaluation.

What is the purpose of request for quotation shopping?

The purpose of request for quotation shopping is to ensure competitive pricing, obtain the best value for money, and foster transparency in the procurement process.

What information must be reported on request for quotation shopping?

The information that must be reported includes the description of the goods or services, supplier details, quotation amounts, and any terms and conditions.