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REQUEST FOR QUOTATION Mode of ProcurementRepublic of the Philippines Department of Agriculture BUREAU OF FISHERIES AND AQUATIC RESOURCES BIDS AND AWARDS COMMITTEE (BAC) OFFICE12824 SHOPPING (b) NP(

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How to fill out np small value procurement

01

Determine if the procurement falls under the small value threshold set by the organization.

02

Prepare the necessary documents such as specifications, terms and conditions, and budget allocation.

03

Issue a request for quotation to potential suppliers.

04

Evaluate the quotations based on specified criteria.

05

Select the supplier with the most competitive quotation.

06

Prepare the procurement contract and finalize the transaction.

Who needs np small value procurement?

01

Small and medium-sized businesses that are looking to procure goods or services with a value that falls below the organization's small value procurement threshold.

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What is np small value procurement?

NP small value procurement refers to a simplified process of acquiring goods and services that fall under a certain monetary threshold, allowing organizations to procure without extensive bidding procedures.

Who is required to file np small value procurement?

Entities engaging in procurement activities that meet the small value threshold are required to file for NP small value procurement, which typically includes government agencies and certain organizations.

How to fill out np small value procurement?

To fill out NP small value procurement, one needs to provide the necessary documentation and details such as the nature of the procurement, estimated costs, vendor information, and relevant approvals.

What is the purpose of np small value procurement?

The purpose of NP small value procurement is to facilitate quicker and more efficient purchasing processes for low-cost goods and services, reducing bureaucracy and expediting project implementations.

What information must be reported on np small value procurement?

The information that must be reported includes the item description, quantity, price, vendor details, and any applicable justifications and approvals.

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