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VENDOR SELECTION FORM for Purchases of $2,000 up to $10,000 A. Purchases exceeding $4,000 may require formal advertising and solicitation of competitive pricing [i.e. RFP] Ref. Policy DJ B. Purchases

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How to fill out vendor selection and price

01

Research potential vendors and gather information about their products or services, pricing, and reputation.

02

Create a list of criteria that are important to your organization in a vendor, such as quality, cost, location, and customer service.

03

Reach out to vendors and request quotes or proposals based on your criteria.

04

Evaluate the quotes or proposals received and compare them to determine the best fit for your organization.

05

Negotiate with the selected vendor to ensure you are getting the best price and terms for your needs.

06

Finalize the vendor selection process by signing a contract or agreement outlining the terms of the partnership.

Who needs vendor selection and price?

01

Businesses looking to purchase products or services from external suppliers

02

Organizations seeking to establish partnerships with vendors for long-term collaboration

03

Procurement departments responsible for sourcing and selecting vendors for their company's needs

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What is vendor selection and price?

Vendor selection and price is the process of choosing a supplier and determining the cost associated with their products or services.

Who is required to file vendor selection and price?

Any organization or individual who is making a purchase from a vendor needs to file vendor selection and price.

How to fill out vendor selection and price?

Vendor selection and price can be filled out by providing details about the chosen vendor, the products or services being purchased, and the cost associated with the purchase.

What is the purpose of vendor selection and price?

The purpose of vendor selection and price is to ensure transparency in the purchasing process and to make informed decisions about suppliers.

What information must be reported on vendor selection and price?

Information such as vendor details, items purchased, quantity, unit price, and total cost must be reported on vendor selection and price.

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