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This document is a Request for Quotation (RFQ) for benchmarking the fees of board members at the South African Institute of Chartered Accountants (SAICA). It provides detailed conditions for completing bid documents, additional requirements for bidders, and the scope of work expected from the successful contractor. The closing date for submissions is 18 October 2024.

How to fill out request for quotation

How to fill out request for quotation

1. Begin with your company details: Include your name, address, and contact information.
2. Clearly state the purpose of the request: Specify the goods or services you require.
3. Provide detailed specifications: List the quality, quantity, and any special requirements.
4. Set a deadline: Indicate when you need the quotations back from the suppliers.
5. Include terms and conditions: Outline payment terms, delivery schedules, and any legal requirements.
6. Provide a submission format: Specify how you want suppliers to send their quotations (e.g., email, hard copy).
7. Thank recipients: Conclude with an appreciation remark for their time and effort.

Who needs request for quotation?

1. Businesses looking to procure goods or services from suppliers.
2. Organizations that require competitive pricing for budgeting purposes.
3. Individuals or entities organizing projects that necessitate purchasing materials.
4. Any entity seeking to compare supplier offerings before making a decision.

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What is request for quotation?

A request for quotation (RFQ) is a business document used to solicit price offers from suppliers or service providers for specific products or services.

Who is required to file request for quotation?

Organizations or individuals looking to purchase goods or services typically file a request for quotation, particularly when needing multiple bids to ensure competitive pricing.

How to fill out request for quotation?

To fill out a request for quotation, you should include details such as the description of the goods or services needed, quantity, delivery requirements, payment terms, and any specifications or standards that must be met.

What is the purpose of request for quotation?

The purpose of a request for quotation is to gather price and service information from multiple suppliers to make an informed purchasing decision that ensures cost-effectiveness and quality.

What information must be reported on request for quotation?

Information that must be reported on a request for quotation includes the item description, quantity needed, delivery schedule, specifications, contact information, and any additional terms or conditions.