Request for Quote (RFQ Clause Samples
A Request for Quote (RFQ) clause outlines the process by which one party solicits price quotations or bids from suppliers or service providers for specific goods or services. Typically, this clause details the information that must be included in the quote, the format and deadline for submissions, and any evaluation criteria that will be used to compare responses. By formalizing the RFQ process, the clause ensures transparency and fairness in vendor selection, helping the requesting party obtain competitive pricing and suitable terms.
Request for Quote (RFQ. If we agree to trade for you on the basis of an agreed price or RFQ, this Policy (and the measures included to obtain Best Execution) will not apply to the extent that we are following these instructions. The Policy will only apply in respect of the aspects of your order that are not covered by your instructions.
Request for Quote (RFQ. The County’s Request for Quote for a specific Job Order.
Request for Quote (RFQ. Each project under this contract will be individually described in a “Request for Quote (RFQ)”. The RFQ will describe the scope of work, the duration of the project with the date of Substantial Completion and if there are liquidated damages for not meeting the date of substantial completion. The date of Substantial Completion is the date when the space can be occupied or the Work used/operated and is turned over to the User Agency. Final completion is the date when the project is totally complete and the Contractor’s final pay application/invoice is approved. The terms and conditions of the Contractor’s Statewide Price Agreement will apply to all Purchase Orders which result from the accepted response to the RFQ. Any change orders to the project scope will require an additional RFQ with backup materials and labor costs. All subcontractor quotes shall be broken down by labor and materials costs and the Contractor shall be allowed a maximum of eight percent markup for administrative costs. Overall markup for General Conditions which includes Project Management, home office overhead, and other off site expenses will be limited to a maximum of ten percent. Actual site expenses such as temporary toilets, fencing, scaffolding, equipment rental, dumpsters and other preapproved expenses will be allowed on a project by project basis. The Contractor and its employees agree to cooperate with and to abide by the rules and requirements of the requesting Using Agency to not interfere with the daily operations of the agency or to jeopardize the health, safety or welfare of the employees or general public conducting business with the Using Agency. The Using Agency reserves the right to purchase materials directly from existing Statewide Price Agreement sources, and to provide these materials to the Contractor. The Contractor shall provide an itemized, quantifiable list of materials required for the project. The Using Agency reserves the right to procure specialty services directly from its other Statewide Price Agreements to the awarded Contractor. Specialty services provided from other Statewide Price Agreements shall be coordinated by the Contractor. When a service is needed, the using agency shall provide, at a minimum, a detailed scope of work and/or drawings defining work required. If the equipment cannot be economically repaired or has reached the end of its life cycle, the Contractor shall justify with costs and other information the need for replacement. If replac...