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Republic of the PhilippinesPHILIPPINE STATISTICS AUTHORITY Region 7 Central Visayans REQUEST FOR QUOTATION RFQ # 202201010 11 January 2022 The Philippine Statistics AuthorityRegion 7 (PSAR07) through
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How to fill out procurement small value procurement
How to fill out procurement small value procurement
01
Identify the need for the item or service that needs to be procured.
02
Determine the budget available for the procurement.
03
Research potential suppliers or vendors who can provide the item or service.
04
Request price quotes or proposals from the selected suppliers or vendors.
05
Review and compare the quotes or proposals to select the best option.
06
Create a purchase order or contract with the chosen supplier or vendor.
07
Monitor the delivery or completion of the item or service and ensure payment is made according to the terms agreed upon.
Who needs procurement small value procurement?
01
Organizations or businesses that need to purchase goods or services at a small value can benefit from procurement small value procurement.
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This process helps ensure transparency, fairness, and cost-effectiveness in the purchasing process for both the buyer and the supplier.
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What is procurement small value procurement?
Small value procurement refers to the process of acquiring goods or services with a total cost that falls below a specified threshold, allowing for simpler and expedited purchasing methods.
Who is required to file procurement small value procurement?
Generally, government agencies and organizations that engage in small value procurement transactions are required to file the necessary documentation.
How to fill out procurement small value procurement?
To fill out procurement small value procurement, one must complete the designated forms, providing information about the goods or services, costs involved, and other relevant details as per the guidelines.
What is the purpose of procurement small value procurement?
The purpose is to facilitate quick and efficient purchasing of low-cost items without the need for extensive formal bidding processes.
What information must be reported on procurement small value procurement?
Information that must be reported includes the description of the goods or services, costs, vendor details, procurement method used, and compliance with applicable regulations.
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