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City of Johannesburg Group Strategic Supply Chain ManagementCoJ0028 23/24 25 October 2024 01 November 2024 10:30 am REQUEST FOR QUOTATION (RFQ) FROM SUITABLE QUALIFIED SERVICE PROVIDER(S) FOR COORDINATION
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How to fill out request for quotation rfq

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How to fill out request for quotation rfq

01
To fill out a request for quotation (RFQ), follow these steps:
02
Begin by including your company's contact information at the top of the document, including the name, address, phone number, and email.
03
Provide a brief introduction to your company, explaining what products or services you offer.
04
Clearly state the purpose of the RFQ, including the project or goods/services you are requesting pricing for.
05
Include any specifications or requirements for the desired products/services, such as quantity, quality standards, and delivery timelines.
06
If applicable, provide a deadline for vendors to submit their quotations.
07
Mention any additional information that vendors may need to know or consider while preparing their quotations.
08
Specify the preferred method of quotation submission, such as through email or a specific online platform.
09
Include any terms and conditions that vendors should be aware of, such as payment terms or required certifications.
10
Close the RFQ by thanking vendors for their participation and providing contact information for any inquiries or clarifications.
11
Proofread the RFQ carefully before sending it out to ensure clarity and accuracy.

Who needs request for quotation rfq?

01
A request for quotation (RFQ) is typically needed by businesses or organizations that are looking to purchase goods or services from suppliers or vendors.
02
RFQs are commonly used in procurement processes to gather pricing information and compare supplier offerings.
03
Any company, regardless of its size or industry, can benefit from using RFQs to streamline the buying process, negotiate better deals, and ensure transparency in supplier selection.
04
Individuals or businesses seeking multiple price quotes before making a purchasing decision can also utilize RFQs to gather and compare quotes from various suppliers.
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A Request for Quotation (RFQ) is a document that solicits price bids from suppliers for specific products or services within a defined timeframe.
Typically, organizations or individuals looking to purchase goods or services in bulk or through competitive bidding are required to file an RFQ.
To fill out an RFQ, list the items or services needed, specify quantities, provide detailed specifications, and include any deadlines or terms and conditions relevant to the request.
The purpose of an RFQ is to obtain pricing and terms from multiple suppliers to ensure that the buyer gets the best possible deal for their required goods or services.
Important information to report on an RFQ includes item descriptions, specifications, quantities required, delivery timelines, and any specific terms or conditions that apply.
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