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How to Perform Quotation Evaluation?

Submitted by MnE Expert on Tue, 12/04/2012 - 01:35

All information pertaining to quotations must be treated as highly confidential and must not under any circumstances be disclosed to other bidders. Prior to evaluating quotations, the evaluation criteria should be agreed ie, price, minimum delivery timeframe, acceptable payment terms etc.

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What is the Procuedure for Request for Quotation?

Submitted by MnE Expert on Mon, 12/03/2012 - 23:56

A Request for Quotation Procedure can be defined as a process whereby a minimum of 3 written quotations are collected from relevant suppliers. If the supplies requested are between Rs 15,000 to Rs 99,999 then open quotes are acceptable. However of the supplies requested are between 100,000 to 999,000 in that case only sealed quotes would be acceptable.

What is a Single Quotation?

Submitted by MnE Expert on Mon, 12/03/2012 - 22:52
What is Single Quotation

A Single Quotation procedure can be defined as a process whereby one written quotation is collected which is deemed competitive for the material or service being procured. Quotations must always be received in writing either on suppliers headed paper or on organizational Request for Quotation (RFQ) form. An RFQ form should be used in circumstances when suppliers cannot or are unwilling to provide written quotations.

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