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Republic of the PhilippinesNational Irrigation Administration REGION VMarch 21, 2022 REQUEST FOR QUOTATION Provision of Meals and Hotel Accommodation for 45 persons from Administrative and Finance
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01
Gather all necessary information about the product or service you want to request a quotation for.
02
Identify potential suppliers or vendors who can provide the product or service.
03
Create a request for quotation document detailing your requirements, specifications, and quantity needed.
04
Include your contact information and any specific terms or conditions you have for the quotation.
05
Send the request for quotation to the selected suppliers or vendors and request them to provide a bid by a specified deadline.
06
Evaluate the received bids and select the best offer based on price, quality, and other factors.
07
Communicate the decision to the chosen supplier and negotiate any further details or terms before finalizing the agreement.

Who needs request for quotation quotationbid?

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Any individual or organization looking to purchase products or services from suppliers or vendors.
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Companies or businesses seeking competitive offers for their procurement needs.
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Procurement professionals or purchasing agents responsible for sourcing and acquiring goods or services.
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A request for quotation (RFQ) is a document that solicits price bids from suppliers for specific goods or services. It outlines the requirements and asks vendors to submit their quotes.
Typically, businesses or government agencies that need to procure goods or services are required to file a request for quotation to invite suppliers to quote their prices.
To fill out an RFQ, include the details of the products or services needed, quantity, specifications, delivery requirements, and the deadline for submitting quotes.
The purpose of an RFQ is to gather competitive pricing and terms from different suppliers to ensure the best possible deal for the procuring entity.
An RFQ must report information such as the description of goods/services, quantity, specifications, delivery dates, and any terms of payment.
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