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CORPORATE SERVICES SECTOR / PROCUREMENT MANAGEMENT SUBSECTION PROCUREMENT MANAGEMENT DEPARTMENT REQUEST FOR QUOTATION Negotiated Procurement Small Value Procurement/Shopping [Project Identification

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How to fill out negotiated procurement small value

01

Determine the need for goods or services that fall under the small value threshold for negotiated procurement.

02

Prepare all necessary documentation such as the Request for Quotation (RFQ) or Request for Proposal (RFP).

03

Invite potential suppliers to submit their bids for the goods or services.

04

Evaluate the bids based on criteria such as price, quality, and delivery terms.

05

Negotiate with the selected supplier to agree on the final terms and conditions of the contract.

06

Prepare the contract document and have it signed by both parties.

07

Monitor the performance of the supplier and ensure that they deliver the goods or services as per the contract terms.

Who needs negotiated procurement small value?

01

Government agencies or organizations that require goods or services that fall under the small value threshold for negotiated procurement.

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What is negotiated procurement small value?

Negotiated procurement small value refers to a method of procurement where the contracting agency directly negotiates the terms of the contract for goods or services that fall below a certain monetary threshold, allowing for more flexibility and expediency.

Who is required to file negotiated procurement small value?

Government agencies and public entities that engage in negotiated procurement for contracts falling under the small value threshold are required to file the negotiated procurement small value documentation.

How to fill out negotiated procurement small value?

To fill out negotiated procurement small value, you typically need to provide details such as the description of goods or services, estimated cost, rationale for negotiation, and signatures from authorized personnel.

What is the purpose of negotiated procurement small value?

The purpose of negotiated procurement small value is to simplify the procurement process for low-cost transactions, promote efficiency, and reduce the administrative burden associated with larger procurement methods.

What information must be reported on negotiated procurement small value?

Information that must be reported includes the contractor's name, contract amount, a brief description of the goods or services procured, justification for the negotiated procurement, and relevant dates.

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