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REQUEST FOR FORMAL WRITTEN PRICE QUOTATION GOODS Requirements between R 30,000 (incl VAT) and R 200,000 (incl VAT) QUOTATION NUMBER: WEB 25: 2021/2022 ADVERTISE QUOTATION TITLE: SUPPLY & DELIVERY

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How to fill out request for quotation rfq

01

Gather all necessary information such as product specifications, quantity required, delivery terms, and payment terms.

02

Identify potential suppliers who can provide the desired products or services.

03

Create a detailed RFQ document outlining all requirements and expectations.

04

Send the RFQ to selected suppliers and allow sufficient time for them to respond.

05

Review and analyze the received quotations based on price, quality, and other factors.

06

Negotiate with suppliers if necessary to get the best deal.

07

Select the most suitable supplier and award the contract.

Who needs request for quotation rfq?

01

Businesses or organizations looking to procure products or services from external suppliers.

02

Companies wanting to compare prices and quality from different suppliers before making a purchasing decision.

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What is request for quotation rfq?

Request for Quotation (RFQ) is a document used in procurement to invite suppliers to submit a bid for the supply of goods or services.

Who is required to file request for quotation rfq?

Typically, purchasing or procurement departments within organizations are responsible for filing Request for Quotation (RFQ).

How to fill out request for quotation rfq?

RFQs are usually filled out by specifying the requirements, timeline, terms and conditions, and any other relevant information for potential suppliers to submit their bids.

What is the purpose of request for quotation rfq?

The purpose of RFQ is to solicit competitive bids from potential suppliers in order to obtain the best value for goods and services needed by an organization.

What information must be reported on request for quotation rfq?

Information such as the description of the required goods or services, quantities, delivery requirements, terms and conditions, and any other specific instructions for suppliers.

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