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SHAKA MARINE WORLD INVITES ELIGIBLE AND ACCREDITED SERVICE PROVIDERS TO SUBMIT A WRITTEN QUOTATION ON THEIR OFFICIAL LETTER HEAD FOR THE GOODS/SERVICES REQUIRED AS STIPULATED IN THIS REQUEST FOR QUOTATION.

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How to fill out request for quotation

01

Start by gathering all the necessary information about the product or service you require.

02

Identify potential suppliers or vendors who can provide the product or service you need.

03

Create a document or template for the request for quotation (RFQ). Include fields such as product description, quantity needed, desired delivery date, and any specific requirements or specifications.

04

Reach out to the identified suppliers or vendors and provide them with the RFQ document.

05

Set a deadline for the suppliers to submit their quotations.

06

Review the received quotations and evaluate them based on factors such as price, quality, reputation, and delivery terms.

07

Select the supplier that best meets your requirements and negotiate any necessary details or contracts.

08

Finalize the agreement with the chosen supplier and proceed with the procurement process.

09

Keep a record of the RFQ process, including all submitted quotations and the chosen supplier, for future reference.

Who needs request for quotation?

01

Request for quotation is needed by organizations or individuals who are looking to procure products or services from external suppliers or vendors.

02

It can be used by businesses of all sizes, from small startups to large corporations, as well as non-profit organizations and government agencies.

03

RFQs are commonly used in industries such as manufacturing, construction, information technology, and logistics.

04

Anyone who wants to compare prices, evaluate supplier capabilities, and make informed decisions about their procurement needs can benefit from using a request for quotation.

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What is request for quotation?

A request for quotation (RFQ) is a formal document that an organization uses to solicit pricing and terms from suppliers for specific products or services.

Who is required to file request for quotation?

Organizations or individuals that wish to purchase goods or services and want to compare prices and terms from different suppliers are required to file a request for quotation.

How to fill out request for quotation?

To fill out a request for quotation, provide detailed information about the products or services needed, including specifications, quantity, and delivery requirements. Additionally, include contact information and submission instructions.

What is the purpose of request for quotation?

The purpose of a request for quotation is to gather competitive pricing and terms from multiple suppliers to make an informed purchasing decision.

What information must be reported on request for quotation?

The request for quotation must report the specific products or services needed, quantity, specifications, delivery timeline, and any terms or conditions relevant to the purchase.

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