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This document is a request for quotation issued by the Social Security System in Bacolod City, outlining the procurement of meals (snacks and lunch) for race operations from February to June 2025.
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How to fill out request for quotation
How to fill out request for quotation
01
Identify the goods or services needed.
02
Research potential suppliers.
03
Prepare a detailed specifications document.
04
Include quantity and delivery timelines.
05
Draft a formal request for quotation (RFQ) document.
06
Specify terms and conditions.
07
Send the RFQ to selected suppliers.
08
Set a deadline for responses.
09
Review received quotations.
10
Select the best supplier based on evaluation criteria.
Who needs request for quotation?
01
Businesses looking to procure goods or services.
02
Procurement departments within organizations.
03
Project managers overseeing sourcing activities.
04
Individuals or teams comparing pricing from multiple suppliers.
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What is request for quotation?
A request for quotation (RFQ) is a document issued by a buyer to potential suppliers inviting them to submit price quotes for specific goods or services.
Who is required to file request for quotation?
Typically, organizations or individuals looking to procure goods or services in bulk or for a specific project are required to file a request for quotation.
How to fill out request for quotation?
To fill out a request for quotation, one should provide detailed information about the items or services needed, including specifications, quantity, delivery timelines, and any other relevant terms.
What is the purpose of request for quotation?
The purpose of a request for quotation is to obtain competitive pricing from multiple suppliers to ensure the buyer gets the best deal and to facilitate the procurement process.
What information must be reported on request for quotation?
The information that must be reported on a request for quotation includes item descriptions, specifications, quantity required, delivery schedule, terms of payment, and the deadline for quotation submission.
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