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New York Department of State, Division of Consumer Protection, Utility Intervention Unit REQUEST FOR QUOTATION (RFQ) #19UIU5Consultant Services:Investor owned Regulated Public Utility Revenue Allocation
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What is request for quotation rfq?
A Request for Quotation (RFQ) is a document issued by a buyer to solicit price quotes from sellers for specific products or services.
Who is required to file request for quotation rfq?
Typically, any business or organization seeking to procure goods or services may file a request for quotation, especially when the cost exceeds a certain threshold or when selecting a vendor.
How to fill out request for quotation rfq?
To fill out an RFQ, include information such as the specifications of the product or service needed, quantity, delivery timeline, and any relevant terms and conditions.
What is the purpose of request for quotation rfq?
The purpose of an RFQ is to gather pricing information and proposals from multiple suppliers, enabling the buyer to compare options and make an informed purchasing decision.
What information must be reported on request for quotation rfq?
An RFQ should report details such as the item description, quantity required, delivery requirements, selection criteria, and terms of payment.
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