vendor_evaluation

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Free Template Pack:

Our FREE template pack contains a cross section of documentation: Document ID Number (Doc)  Doc1 – Request for Quotation Template, Doc2 – Invitation to Bid Letter, Doc4 – Service Contract, Doc19 – Basic RFQ, Doc33 – FOB Terms Defined, Doc58 – Short Form RFP, Doc60 – Statutory Declaration.

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If you are looking for a more robust RFQ, we recommend you consider the Premium Pack which includes: RFQ2 – Invitation to Bid Letter, RFQ15 – Instruction to Bidders (3 pages) and RFQ16 – Form of Agreement, Terms and Conditions (8 pages)…use them together.


vendor_evaluation

Premium Pack

This pack has it allNinety (90) everyday templates

  • RFP’s, RFQ’s, Expression of Interest, Tenders
  • Vendor Performance, Audit, Reporting Forms, Contracts, Policies and more…

for only $37.00 (instant digital delivery)


vendor_performance

Vendor Performance Pack

“Thanks for the FREE offer but right now I am only looking for a Supplier Evaluation Form”. We are listening … the RFQPro Performance Pack includes:

  • Vendor Performance Evaluation (14 pages) c/w weighted measures
  • Sub-Contractor Evaluation
  • Facility Audit Form
  • Occurrence Report + 2 bonus templates

All of the above templates are an integral part of measuring vendor performance.  This pack will only be available for a limited time at this price…$27.97 (instant digital delivery)

RFQ Cover Letter

RFQ Cover Letter

RFQ Cover Letter:

RFQ Cover LetterA RFQ cover letter or request for quote cover letter can take on many appearances. It can be anything from a simple hand written fax cover page to a formal business letter style template.  A RFQ cover letter is also known as an invitation to quote letter and like the RFQ cover letter, it is used to connect the buyer and supplier. It usually requests price and delivery for a product or service requirement. For a sample Request for Qualification cover letter go to bottom of this post.

Your cover letter should include an issue date, buyers complete business address, subject – RFQ for ____, your offer (quote on supplying, etc), an acknowledge by date,  reference to an instructions page, possibly a reference number, may include some background details, where, when and to whom the response must be addressed to and finally, close it with your signature and title.  The following is

Payment Terms Defined

Payment terms are an area in the RFQ process which is often overlooked or forgotten. Some commonly used payment terms would be Net 30 days, 2%/10 Net 30 days and there are many more.  (To help  get a better understanding we have included a glossary of payment terms you can download for free at the bottom of this post). So, what do these imply and is it something a Buyer should be paying attention to as part of the award process?

When generating a RFQ or RFP, most buyers will place the majority of their efforts on the product, FOB Point and other commercial aspects of the quotation and doing such is absolutely right but one evaluation point which is often overlooked or not considered in the overall award process are the payment terms. Buyers will often accept or assume the standard Net 30 days offered is not worth analyzing.