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REQUEST FOR QUOTATION The Insurance Commission (IC) invites all registered suppliers and interested parties to participate and submit their lowest price quotation on the project listed below, subject

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How to fill out request for quotation

01

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

02

Identify potential suppliers that can provide the products or services you require.

03

Write a detailed description of the products or services needed in the request for quotation form.

04

Include any relevant drawings, blueprints, or technical specifications if applicable.

05

Specify the deadline for submitting quotations and any other important terms and conditions.

06

Send out the request for quotation to the selected suppliers and wait for their responses.

07

Evaluate the received quotations based on price, quality, delivery time, and other factors before making a decision.

Who needs request for quotation?

01

Businesses looking to purchase products or services from suppliers at competitive prices.

02

Procurement departments within organizations that need to source materials or services for their operations.

03

Government agencies seeking bids for public projects or contracts.

04

Individuals or organizations planning events or projects that require multiple vendors or contractors.

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What is request for quotation?

Request for Quotation (RFQ) is a document used to solicit bids from potential suppliers for products or services.

Who is required to file request for quotation?

Typically, procurement or purchasing departments within organizations are responsible for filing request for quotation.

How to fill out request for quotation?

To fill out a request for quotation, include details about the product or service required, quantity needed, delivery requirements, evaluation criteria, and contact information.

What is the purpose of request for quotation?

The purpose of request for quotation is to gather competitive bids from suppliers to compare pricing, terms, and quality before making a purchasing decision.

What information must be reported on request for quotation?

Information such as the description of the products/services required, quantity, specifications, delivery terms, evaluation criteria, and any other relevant details should be included in the request for quotation.

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