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Quotation No. 20Q63REQUEST FOR QUOTATION THE CORPORATION OF THE CITY OF CORNWALLPURCHASING SERVICES 100 Water Street East, Suite 104, CORNWALL, ONT. K6H 6G4 TEL # (613) 9326252 FAX (613) 9325919 (purchasing
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How to fill out request for quotation
How to fill out request for quotation
01
Start by gathering all the necessary information such as product specifications, quantities required, delivery date, and any other specific requirements.
02
Identify the potential suppliers or vendors who can provide the required products or services.
03
Prepare a formal request for quotation document that includes your company details, the specific products or services needed, and any technical specifications.
04
Clearly state the desired delivery date and any other important factors that might impact the decision-making process.
05
Send the request for quotation document to the selected suppliers or vendors, either by email or through an online procurement platform.
06
Set a deadline for the suppliers to submit their quotations, allowing enough time for them to review the request and provide accurate pricing information.
07
Review the received quotations and evaluate them based on factors such as pricing, quality, delivery time, and compliance with the specifications.
08
Contact the suppliers to clarify any questions or negotiate the terms if needed.
09
Once you have selected the most suitable supplier, issue a purchase order based on their quotation and finalize the transaction.
10
Keep a record of all the communications and documents related to the request for quotation process for future reference.
Who needs request for quotation?
01
Request for Quotation is typically needed by purchasing departments or procurement officers in companies or organizations that are looking to procure products or services from external suppliers or vendors.
02
It is also commonly used by individuals or businesses who are seeking quotes or pricing information before making a purchasing decision.
03
Overall, anyone who wants to compare offers from different suppliers for a specific product or service can benefit from using a request for quotation.
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What is request for quotation?
A request for quotation (RFQ) is a standard business procedure to invite suppliers to bid on specific products or services. It specifies the terms of purchase and allows suppliers to provide their price estimates.
Who is required to file request for quotation?
Any business or individual seeking to procure 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, one should clearly outline the specifications of the needed products or services, include quantities, desired delivery dates, and terms of payment, and provide contact information for responses.
What is the purpose of request for quotation?
The purpose of a request for quotation is to gather price quotes from different suppliers, ensuring competitive pricing and helping in making informed purchasing decisions.
What information must be reported on request for quotation?
The information that must be reported includes item descriptions, quantities, specifications, delivery requirements, payment terms, and a deadline for responses.
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