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MARIANO MARCOS STATE UNIVERSITY Procurement Division Request for Quotation (RFQ) (Goods and Services)Document CodePDFRM002Revision No. Effectivity Date4 Page 1 of 2 January 8, 2021REQUEST FOR QUOTATION
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How to fill out request for quotation rfq
How to fill out request for quotation rfq
01
Identify the products or services you need and gather relevant specifications.
02
Determine the quantity required for each item.
03
Research potential suppliers to include in your RFQ.
04
Draft the RFQ document, including company information, project details, and submission guidelines.
05
Specify the desired delivery timeline and payment terms.
06
Include a deadline for responses and detail how to submit the RFQ.
07
Send the RFQ to selected suppliers and follow up as needed.
08
Review the received quotations and compare them based on your requirements.
Who needs request for quotation rfq?
01
Businesses and organizations seeking to procure goods or services.
02
Procurement professionals and purchasing departments.
03
Contract managers and project managers who need to obtain pricing from multiple vendors.
04
Companies evaluating suppliers to ensure competitive pricing and quality.
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What is request for quotation rfq?
A Request for Quotation (RFQ) is a business document sent to suppliers to invite them to bid on specific products or services, outlining the requirements and conditions for pricing.
Who is required to file request for quotation rfq?
Typically, organizations or companies seeking to procure goods or services are required to file an RFQ, especially when the procurement exceeds a certain monetary threshold.
How to fill out request for quotation rfq?
To fill out an RFQ, include the description of the goods or services needed, specify quantity, define delivery timelines, list relevant terms and conditions, and provide contact information for follow-ups.
What is the purpose of request for quotation rfq?
The purpose of an RFQ is to gather price and availability information from suppliers, ensuring that the organization can make informed purchasing decisions based on competitive offers.
What information must be reported on request for quotation rfq?
An RFQ must report essential information such as product specifications, quantities, delivery requirements, payment terms, and contact details for the issuing organization.
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