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Transnet Port Terminals an Operating Division of TRANSNET SOC LTD [hereinafter referred to as Transnet] Registration Number 1990/000900/30REQUEST FOR QUOTATION [RFQ] No iCLM DB 910/TPTFOR THE PROVISION
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A Request for Quotation (RFQ) is a standard business process used to invite suppliers to bid on specific products or services.
Organizations, especially in government and large-scale procurement, are required to file an RFQ when they seek competitive pricing for goods or services.
To fill out an RFQ, include details such as the description of the items or services needed, quantities, specifications, deadlines for submission, and any terms and conditions.
The purpose of an RFQ is to obtain price quotes from different suppliers in order to compare costs and select the best offer.
An RFQ must include the purchasing organization’s details, item specifications, quantity required, submission deadline, and evaluation criteria.
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