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Companies name and addressREQUEST FOR QUOTATION (RFQ) DATE: 20 April 2020 REFERENCE: RFQ/019/20 SUPPLY OF AGRICULTURAL MACHINERYDear Sir / Madam: We kindly request you to submit your quotation for

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How to fill out request for quotation rfq

01

Gather all necessary information such as product specifications, quantities needed, and any special requirements.

02

Research and identify potential suppliers or vendors who can provide the products or services required.

03

Create a RFQ document outlining the requirements and specifications in detail.

04

Send the RFQ to the selected suppliers or vendors via email or an online procurement portal.

05

Wait for the suppliers to submit their quotations in response to the RFQ.

06

Evaluate the received quotations based on price, quality, delivery time, and other relevant factors.

07

Select the most suitable supplier and negotiate further if needed before finalizing the deal.

Who needs request for quotation rfq?

01

Any organization or individual looking to purchase goods or services from suppliers or vendors can benefit from using a request for quotation (RFQ) document.

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What is request for quotation rfq?

RFQ is a document used in procurement to invite suppliers to submit their quotations for a product or service.

Who is required to file request for quotation rfq?

Procurement or purchasing departments within an organization are typically responsible for filing RFQs.

How to fill out request for quotation rfq?

RFQs are usually filled out by specifying the requirements for the product or service needed, including quantity, quality standards, delivery schedule, and evaluation criteria.

What is the purpose of request for quotation rfq?

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

What information must be reported on request for quotation rfq?

RFQs should include details such as the description of the product or service, quantity needed, delivery schedule, evaluation criteria, terms and conditions, and contact information.

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