Contract Management - Request for Quotation (RFQ)

A Request for Quotation (RFQ) is used when the specifications of a product or service are already known and price is the main deciding factor in the decision.

The submittal of an RFQ typically involves the following:

• Corporate Information including proof of licensure in the Territory
• Technical capability
• Description of services or goods to be provided
• Estimated completion time
• Price quotation

The bidders return a quotation by a set date and time determined by the Authority which is included in the advertisement for the quotation. Late quotation(s) may not be considered. The quotations are used to evaluate the responsiveness of a supplier or vendor. An Evaluation Committee is named to open the received bid packages in the presence of a representative of the Procurement and Property Division. In some instances, selected bidders may be asked to make a presentation to the Evaluation Committee.

Helpful Hints: Click on the column's header to sort the list by that column.