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TERMS OF REFERENCE PROCUREMENT OF PREVENTIVE MAINTENANCE OF THE PPA, PMO NEGROS ORIENTAL/LIQUOR SERVICE VEHICLES FOR THE PERIOD APRIL 1 TO DECEMBER 31, 2021I.RATIONALE The Philippine Ports Authority,

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What is request for quotation?

Request for quotation (RFQ) is a document or invitation sent to vendors or suppliers to request a quote for the products or services needed by a company.

Who is required to file request for quotation?

Procurement or purchasing departments within a company are typically responsible for filing request for quotation.

How to fill out request for quotation?

RFQ can be filled out by detailing the specifications of the products or services needed, quantity required, delivery terms, and any other relevant information. It is then sent to potential vendors for pricing.

What is the purpose of request for quotation?

The purpose of an RFQ is to gather competitive quotes from vendors in order to select the best supplier based on price, quality, and other factors.

What information must be reported on request for quotation?

Information such as product/service specifications, quantity required, delivery terms, payment terms, and any other relevant details must be included in the RFQ.

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