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REQUEST FOR QUOTATION: SUPPLY, DELIVER, AND INSTALL AN INCLINED PLATFORM WHEELCHAIR LIFT Date of Issue: 06 March 2023 Closing Date: 13 March 2023 Compulsory briefing date: 08 March 2023 @ 11:00 am
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01
Identify the scope of work clearly.
02
Gather all relevant costs, including labor, materials, and overhead.
03
Determine the total fixed price based on the gathered costs.
04
Format the quote clearly, including all necessary details such as the project title, date, and your contact information.
05
Include terms and conditions, such as payment terms and delivery timeline.
06
Ensure to specify that it is a firm fixed price quote to avoid misunderstandings.

Who needs firm fixed price quote?

01
Contractors bidding on construction projects.
02
Service providers offering fixed-price projects.
03
Businesses seeking clear cost estimates for budgeting.
04
Clients looking for price stability without unforeseen costs.
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A firm fixed price quote is a type of contract where the price is set and not subject to change regardless of the actual costs incurred by the seller.
Businesses and contractors responding to a request for proposal (RFP) or those entering contracts with fixed prices for goods or services are typically required to file a firm fixed price quote.
To fill out a firm fixed price quote, include your business information, the specific services or products offered, unit prices, total prices, any applicable discounts, and terms and conditions.
The purpose of a firm fixed price quote is to provide a clear and binding price estimation for a project or service, allowing both seller and buyer to agree on costs upfront.
A firm fixed price quote must report the seller's contact information, description of goods or services, pricing details, payment terms, and any conditions or contingencies.
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