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BIDS AND AWARDS COMMITTEE 2ND Floor, Finance Building, Quezon City HallPHILIPPINE BIDDING DOCUMENTSProcurement of GOODS SUPPLY AND DELIVERY OF SOUVENIR ITEMS: SPECIAL CUSTOMIZED BAG, MEMO PAD, ORGANIZER,
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How to fill out request for quotations and

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How to fill out request for quotations and

01
Identify the product or service you need to purchase.
02
Research potential suppliers and gather their contact information.
03
Create a template for the request for quotations (RFQ) including details such as quantity, specifications, delivery requirements, and deadline.
04
Send out the RFQ to the selected suppliers via email or through an online platform.
05
Review the quotations received, comparing prices, terms, and other relevant factors.
06
Select the best offer and negotiate further details if needed.
07
Award the contract to the chosen supplier and confirm the terms in writing.

Who needs request for quotations and?

01
Businesses looking to purchase goods or services from suppliers.
02
Procurement departments within organizations.
03
Government agencies soliciting bids for projects.
04
Individuals or organizations seeking competitive pricing for a particular product or service.
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Request for quotations (RFQ) is a document used in procurement to invite suppliers to submit a bid for the supply of goods or services.
The procurement department or individual responsible for purchasing in a company is required to file request for quotations.
Request for quotations can be filled out by specifying the requirements of the goods or services needed, the deadline for submission, and any other relevant information for potential suppliers.
The purpose of request for quotations is to gather competitive bids from suppliers in order to select the best offer based on price, quality and other factors.
Information such as the description of goods or services needed, quantity required, delivery requirements, and any specific terms and conditions should be reported on request for quotations.
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