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CENTRAL COALFIELDS LIMITED OFFICE OF THE PROJECT OFFICER AKK OCP, PO:SUNDAY BAZAAR, DIST.:BOARD, PIN 829127 Ref No.: CCL/B&K/ PE(C)/AKK OCP/IQ/202122/4862Date:15.01.2022.NOTICE INVITING QUOTATION
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How to fill out notice inviting quotation niq

01
Review the requirements of the project or service that needs quotations.
02
Prepare the notice inviting quotation (NIQ) document including details such as the scope of work, specifications, delivery timeline, and any terms and conditions.
03
Determine the method of publishing the NIQ, whether it will be through online portals, email, or physical notices.
04
Set a deadline for suppliers or vendors to submit their quotations.
05
Receive and evaluate the quotations based on the criteria outlined in the NIQ document.
06
Select the most suitable quotation and award the contract accordingly.

Who needs notice inviting quotation niq?

01
Government agencies and departments
02
Private companies and organizations
03
Non-profit organizations
04
Any entity looking to procure goods or services through a competitive bidding process
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Notice Inviting Quotation (NIQ) is a document issued by an organization or entity to invite vendors to submit price quotes for a specific project or procurement. It provides details about the project requirements, specifications, terms and conditions, and the deadline for submitting quotations.
Government agencies, public sector organizations, and any entity looking to procure goods or services through a competitive bidding process may be required to file Notice Inviting Quotation (NIQ).
To fill out Notice Inviting Quotation (NIQ), vendors must carefully read the document, understand the project requirements, prepare their price quotes according to the specifications provided, and submit their quotations before the deadline specified.
The purpose of Notice Inviting Quotation (NIQ) is to facilitate a transparent and competitive bidding process for the procurement of goods or services. It helps organizations to obtain competitive price quotes from vendors and select the most suitable supplier.
Notice Inviting Quotation (NIQ) must include details about the project requirements, specifications, terms and conditions, deadline for submitting quotations, contact information, and any other relevant information that vendors need to prepare their price quotes.
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