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National Power Corporation REQUEST FOR QUOTATION SMALL VALUE PROCUREMENT 53.9) 16 May 2022Sir/Madam: Please provide us with your best quotation for the items as specified in the Terms of Reference

How to fill out small value procurement

How to fill out small value procurement

1. Identify the need for the procurement of small value items or services.
2. Determine the budget or limit set for small value procurement.
3. Prepare a list of suppliers or vendors who can provide the required items or services.
4. Request quotations or proposals from the identified suppliers or vendors.
5. Evaluate the quotations or proposals received based on price, quality, and other relevant factors.
6. Select the supplier or vendor offering the best value for the required items or services.
7. Prepare a purchase order or contract outlining the terms and conditions of the procurement.
8. Monitor the delivery of the items or services and ensure they meet the specified requirements.
9. Process payment to the supplier or vendor according to the agreed terms.

Who needs small value procurement?

1. Small businesses or organizations that require goods or services of low value.
2. Government agencies or departments with limited budgets for small procurements.
3. Non-profit organizations seeking cost-effective solutions for their needs.

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What is small value procurement?

Small value procurement is a simplified procurement method used for the acquisition of goods, services, or works that are of relatively low value.

Who is required to file small value procurement?

Small value procurement may be filed by government agencies, organizations, or businesses looking to procure goods, services, or works that fall within a certain value threshold.

How to fill out small value procurement?

Small value procurement can be filled out by completing the necessary forms provided by the procurement department or agency, specifying the details of the procurement including the vendor, goods or services required, and the budget allocation.

What is the purpose of small value procurement?

The purpose of small value procurement is to streamline the acquisition process for low-value items and services, making it more efficient and cost-effective for the procuring entity.

What information must be reported on small value procurement?

Small value procurement forms typically require details such as the vendor's information, description of goods or services, budget allocation, and the reason for selecting the particular vendor.