Solicited Proposals

• REQUESTS FOR QUOTES (RFQ)

  • Solicited by customers to get a competitive price for well defined items or services.
  • RFQs generally consist of:
    • A detailed specification of the thing to be quoted
    • Delivery requirements
    • Quality assurance requirements
    • Pricing Constraints
    • A sample contract
  • Items usually Making up responses to RFQs :
    • Price
    • Delivery Schedule
    • Quoting Company’s credentials
      • Financial Status
      • Bank references
      • Years in business
      • On which company’s qualified vendor’s list
      • Pertinent Facilities
      • Pertinent Inventory policies
    • Exceptions from sample contracts

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