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This document is a Request for Quotation (RFQ) for the procurement of construction materials and supplies for the repair of the RSU Sta. Maria stage roofing and comfort rooms. It outlines the required

How to fill out request for quotation

How to fill out request for quotation

1. Identify the products or services needed.
2. Gather specifications and requirements for the request.
3. Choose the vendors or suppliers you wish to contact.
4. Draft a clear and concise request for quotation document.
5. Include important details such as quantity, delivery terms, and payment conditions.
6. Set a deadline for responses from the vendors.
7. Send the request for quotation to the selected vendors.
8. Collect and evaluate the received quotations.
9. Make a decision and communicate with the chosen vendor.

Who needs request for quotation?

1. Businesses looking to procure goods or services.
2. Project managers needing cost estimates for budgeting.
3. Procurement departments seeking competitive pricing.
4. Organizations planning to compare vendor offerings.
5. Individuals or teams responsible for purchasing decisions.

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What is request for quotation?

A request for quotation (RFQ) is a document sent by a buyer to one or more suppliers requesting a price quote for specific goods or services. It outlines the details of the products or services required and serves as a formal invitation for suppliers to submit their pricing.

Who is required to file request for quotation?

Typically, businesses or organizations looking to procure goods or services in bulk or for specific projects are required to file a request for quotation. This process may be mandated for public sector projects or large private sector purchases to ensure competitive pricing.

How to fill out request for quotation?

To fill out a request for quotation, include the following sections: a description of the goods or services needed, estimated quantities, specifications, delivery requirements, and the deadline for submission. Additionally, provide your contact information and any relevant terms and conditions.

What is the purpose of request for quotation?

The purpose of a request for quotation is to solicit competitive bids from suppliers, enabling the buyer to make informed purchasing decisions based on price and other factors such as quality and delivery time.

What information must be reported on request for quotation?

The RFQ must include information such as product or service specifications, quantity required, required delivery date, payment terms, and any specific terms and conditions that suppliers need to comply with when providing their quotes.