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Request for Quotes (RFQ) for the Provision of The Coordination and Facilitation of The Care Experienced Expert Panel for the Care Experiences ProgrammeD ate of Issue : 19/09/2024Response deadline
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A Request for Quotes (RFQ) is a solicitation process used by an organization to invite suppliers to submit price quotations for specific goods or services.
Typically, businesses or organizations seeking to procure goods or services are required to file an RFQ to explore competitive pricing options.
To fill out an RFQ, clearly define the requirements, include detailed specifications of the goods or services needed, set a deadline for submissions, and provide instructions on how bids should be submitted.
The purpose of an RFQ is to gather pricing information from multiple suppliers to make an informed purchasing decision, ensuring competitive pricing and services.
An RFQ should report information such as product specifications, quantity needed, delivery requirements, payment terms, and submission deadline.
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