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REQUEST FOR FORMAL WRITTEN PRICE QUOTATION ADVERTISEMENT Course Title: Road Construction, Maintenance, Rehabilitation and Storm Water Drainage Training NB: Service Providers must submit a formal written

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How to fill out request for quotation rfq

01

Gather all necessary information such as product specifications, quantities, and delivery requirements.

02

Identify potential suppliers who can fulfill the requirements of the RFQ.

03

Prepare a formal RFQ document outlining the requirements and instructions for submission.

04

Send out the RFQ to the selected suppliers and provide a deadline for responses.

05

Review the received quotations and evaluate them based on price, quality, and other relevant factors.

06

Negotiate with suppliers if needed to get the best possible deal.

07

Select the supplier that meets your needs and send out a purchase order.

Who needs request for quotation rfq?

01

Any organization or individual looking to procure goods or services from external suppliers.

02

Companies seeking competitive pricing and quality products from multiple suppliers.

03

Businesses aiming to streamline the procurement process and improve efficiency.

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What is request for quotation rfq?

RFQ is a document used in the procurement process to solicit competitive bids from potential suppliers.

Who is required to file request for quotation rfq?

The procurement department or purchasing manager is typically responsible for filing the RFQ.

How to fill out request for quotation rfq?

The RFQ should include details about the products or services required, delivery requirements, pricing information, and any specific terms and conditions.

What is the purpose of request for quotation rfq?

The purpose of the RFQ is to gather competitive bids from suppliers to ensure the best value for the purchasing organization.

What information must be reported on request for quotation rfq?

Information such as the description of the products or services required, quantity needed, delivery requirements, pricing details, and any terms and conditions.

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