The Request for Bid is used to initiate the request for quotation process. When a company wants to compare various quotes from different vendors, it is imperative to initiate a request for bid which covers both the technical compliance to item specifications and a financial quote. A weighting formula is used to evaluate the bidders and the most responsive bidder is considered for supply for items.

You can search for an existing Request for Quotation (RFQ) or create a new request on this screen. To search for an RFQ, specify the Creation Date, Response Date, Decision Date, Vendor Type and RFQ number details then click GO

To create a new RFQ, click on Add Request link and populate all quotation details as per below fields

Vendor Type: These are the different vendor categories as defined by the company

Contact Email: This is the email vendors can contact the company through

Create Date: This is the date when the RFQ was created

Contact Address: This is the company street and postal address

Request Sent Date: This is the date when request for Quotations was sent to vendors

Respond Date: This is the date when vendors are expected to send back their responses

Decision Date: This is the date the company evaluates the RFQs

Status: Describes whether this is a new RFQ or it has already been sent to vendors

Created by: The person who created the RFQ

Notes: Any additional and optional information