Formal Quotation definition
Formal Quotation means a document that sets out particular requirements for goods and/or services.
Formal Quotation means a quotation received after and as a result of advertisement for at least 7 (seven) days together if any other methods of invitation;
Formal Quotation means a written offer to sell, or a "bid" obtained from suppliers, to supply stipulated goods or services at a particular price based on a document issued by the Municipality for goods or services over $10,000 and less than $25,000;
Examples of Formal Quotation in a sentence
The following scoring system is utilised for this evaluation, setting the points to be awarded and what this represents for each criteria in the matrix or to the entire matrix: .= [Score x weighting x No. of Evaluators]/[Maximum Score x 100 x No. of Evaluators] SELECTION CRITERIA To be completed by Bidders 1 Completed RFQ document GO/NO GO 2 Formal Quotation GO/NO GO Bidders must score “GO” on all of the above to be considered for the next stage of evaluation.
More Definitions of Formal Quotation
Formal Quotation means a price quotation (fixed as to the total price or on a unit basis or both) for specific and defined Goods or Services that is received from a Bidder in writing in response to a Request for Quotation (Formal).
Formal Quotation means a written quotation for acquisitions $10,000 and above, in a form approved by the Director of Corporate Services;
Formal Quotation means an offer in writing by way of a call for Quotation to execute certain specified work or to supply certain specified goods or services at an estimated value of $50,000 to $100,000 and at a specific rate in response to the information contained in the call for quotation.
Formal Quotation means an offer in writing by way of a call for Quotation to execute certain specified work or to supply certain specified Goods and/or Services or Construction in response to the information contained in the call for quotation. This method requires that the solicitations are published and received using the City’s Bidding System.