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This document is a Request for Quotation issued by the Insurance Commission inviting registered suppliers to submit their lowest price quotation for the supply, delivery, installation, and commissioning of additional units of closed-circuit television cameras. It includes specific terms of reference, project details, submission guidelines, and qualifications required from suppliers.

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How to fill out request for quotation

01

Identify the products or services required.

02

Gather necessary specifications and details for each item.

03

Determine the quantity needed for each item.

04

Research potential suppliers to send requests to.

05

Create a request for quotation document including all specifications, quantity, delivery requirements, and deadlines.

06

Send the RFQ to selected suppliers and request their quotations.

07

Set a deadline for suppliers to respond with their quotations.

08

Evaluate the received quotations based on price, quality, delivery time, and other criteria.

09

Select the most suitable supplier and move forward with the order.

Who needs request for quotation?

01

Businesses seeking to purchase goods or services.

02

Procurement teams in organizations managing supply chain processes.

03

Project managers needing specific materials or services for their projects.

04

Any entity looking to compare pricing and terms from multiple suppliers.

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What is request for quotation?

A request for quotation (RFQ) is a business document issued by a buyer to solicit price quotes from suppliers for specific goods or services.

Who is required to file request for quotation?

Typically, any organization or individual looking to procure goods or services can file a request for quotation, often used by businesses, government agencies, or non-profits.

How to fill out request for quotation?

To fill out an RFQ, start by clearly specifying the items or services needed, including quantities and specifications. Include any relevant terms and conditions, deadlines for submission, and your contact information.

What is the purpose of request for quotation?

The purpose of an RFQ is to gather competitive pricing from multiple suppliers, ensuring that the buyer receives the best deal and quality for their purchasing needs.

What information must be reported on request for quotation?

An RFQ should include the item descriptions, quantities, specifications, delivery requirements, submission deadlines, and the buyer's contact details.

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