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REQUEST FOR QUOTATION The Development Bank of the Philippines (DBP), through its Northern Luzon Regional Bids and Awards Committee (RAC), will undertake a Small Value Procurement for the Supply, Delivery,
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How to fill out request for quotation
How to fill out request for quotation
01
Gather all necessary information such as product specifications, quantities needed, delivery requirements, and any special instructions.
02
Contact potential suppliers to request a quotation form or use a standardized template.
03
Fill out the request form accurately and completely, providing all required details to ensure an accurate quote.
04
Include your contact information and preferred method of communication for the suppliers to respond.
05
Submit the request for quotation to the selected suppliers and await their responses within the specified timeframe.
06
Evaluate the received quotations based on pricing, terms, and other relevant factors to make an informed decision.
Who needs request for quotation?
01
Businesses and organizations looking to purchase goods or services from suppliers.
02
Procurement departments or individuals responsible for sourcing materials or vendors.
03
Manufacturers, retailers, wholesalers, or any entity seeking competitive pricing and information from potential suppliers.
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What is request for quotation?
A request for quotation (RFQ) is a solicitation sent to suppliers or vendors to provide price estimates for specific products or services needed by a company.
Who is required to file request for quotation?
Businesses and organizations that seek to procure goods or services from suppliers typically file a request for quotation.
How to fill out request for quotation?
To fill out a request for quotation, specify the items or services required, including descriptions, quantities, delivery dates, and any other necessary terms or conditions.
What is the purpose of request for quotation?
The purpose of a request for quotation is to gather pricing information from multiple suppliers to make informed purchasing decisions.
What information must be reported on request for quotation?
The RFQ should include company details, item/service descriptions, quantities, specifications, required delivery dates, and any terms or conditions.
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