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Republic of the PhilippinesPHILIPPINE STATISTICS AUTHORITY Region 7 Central VisayasREQUEST FOR QUOTATION RFQ # 0761RFQ202401002 05 January 2024 The Philippine Statistics AuthorityRegion 7 (PSAR07)
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How to fill out small value procurement for

01
To fill out small value procurement form, follow these steps:
02
Start by gathering all the necessary information and documents required for the procurement process.
03
Identify the goods or services you need to procure and determine the estimated value of the procurement.
04
Consult any relevant policies or guidelines to ensure you are following the correct procedures for small value procurement.
05
Prepare a procurement request form or document that includes details such as the item or service description, quantity needed, budget allocation, and delivery requirements.
06
Submit the procurement request to the appropriate department or authority for review and approval.
07
Once the request is approved, proceed with the sourcing process by either inviting quotations from potential suppliers or conducting a small-scale bidding process.
08
Evaluate the received quotations or bids based on criteria such as price, quality, delivery timeline, and supplier reputation.
09
Select the most suitable supplier and negotiate the terms and conditions of the procurement, including the payment terms and delivery schedule.
10
Prepare a purchase order or procurement contract that clearly outlines the agreed-upon terms and conditions.
11
Monitor the procurement process to ensure timely delivery and compliance with the agreed terms.
12
Upon delivery or completion of the service, verify the quality and quantity of the procured goods or services.
13
Process the payment to the supplier according to the agreed terms.
14
Maintain proper documentation of the entire small value procurement process for future reference or auditing purposes.

Who needs small value procurement for?

01
Small value procurement is typically required by organizations or individuals who need to procure relatively low-cost goods or services.
02
This includes:
03
- Small businesses or startups that require office supplies or equipment.
04
- Non-profit organizations that need to purchase essential supplies or services for their operations.
05
- Government departments or agencies that have budget limitations for certain procurements.
06
- Educational institutions that need to acquire teaching materials or equipment for classrooms.
07
- Individuals or households that require small-scale maintenance or repair services.
08
In general, small value procurement is necessary for any entity or individual looking to purchase goods or services below a certain cost threshold, where the traditional procurement procedures may not be required or feasible.
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Small value procurement is designed to streamline the purchasing process for low-cost goods and services, allowing for quicker acquisition without extensive formal procedures.
Entities that engage in small value procurement activities, such as government agencies, departments, or organizations, are required to file.
To fill out a small value procurement form, provide details such as the description of the goods or services, estimated cost, vendor information, and the approving authority's signature.
The purpose of small value procurement is to facilitate efficient purchasing for low-cost items while minimizing administrative burdens and allowing for timely procurement processes.
The report must include the nature and estimated cost of the procurement, vendor details, rationale for selection, and the timeline for delivery.
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