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Request for quotation for the appointment of a service provider to conduct a strategic risk workshop for Ithala Development Finance Corporation, closing on 25 November 2022.
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What is request for quotation?
A request for quotation (RFQ) is a document that an organization sends to suppliers to solicit price and delivery quotes for specific products or services.
Who is required to file request for quotation?
Typically, purchasing departments or procurement officers within organizations are required to file a request for quotation when seeking bids from vendors.
How to fill out request for quotation?
To fill out a request for quotation, clearly outline the specifications of the item or service, include quantities needed, specify delivery timelines, and provide any relevant terms and conditions.
What is the purpose of request for quotation?
The purpose of a request for quotation is to obtain competitive pricing and terms from multiple suppliers to ensure the organization makes an informed purchasing decision.
What information must be reported on request for quotation?
Essential information on an RFQ includes item descriptions, quantities, delivery requirements, payment terms, and any specific requirements or criteria for the quotation.
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