Verbal Quotation means a verbal process of inviting offers to supply goods and/or services involving a limited number of potential suppliers.
Verbal Quotation means the requisitioning department will receive pricing via telephone or in person, and will retain written documentation of the conversation and document the information on the requisition.
Verbal Quotation means the receipt of pricing via telephone or in person, and will include the retention of written documentation of the conversation in support.To establish the definition of any other purchasing term not herein included, reference shall be made to the latest edition of the National Institute of Governmental Purchasing Guide.
Examples of Verbal Quotation in a sentence
Written or Verbal Quotation: If the University does not have a Contracted Supplier for the procurement of goods or services with a total value of between $2,000 and $50,000, written or verbal quotations must be sought from suppliers, in an effort to identify a supplier to provide the quality specification required at a competitive price.
Written entries documenting three verbal quotes were solicited, including all firms’ names, addresses, and names of contacted parties shall be included in the project file using the Verbal Quotation Worksheet (ATTACHMENT 1).
Such quotes shall be documented in writing using the Verbal Quotation Worksheet (ATTACHMENT 1) pursuant to this Policy.
Bids may be documented on the “Informal Verbal Quotation Form” or may be supported by written quotations from vendors (faxed/mailed/electronic submittals).
Purchases of$25,000.00 or greater may be made only by competitive bidding process conducted in accordance with state law.(2) Verbal quotations for goods and services must be secured from at least two qualified vendors, and the results of the quotations must be recorded on the "Memorandum of Verbal Quotation" form and signed by the person receiving the quotations.
More Definitions of Verbal Quotation
Verbal Quotation. Means pricing received via telephone or in person, with written documentation of the conversation and documentation of the information on the purchase requisition maintained by the employee obtaining the quotes.
Verbal Quotation means the requisitioning department will receive pricing via telephone or in person, and will retain written documentation of the conversation and document the information on the requisition. SECTION 11PROCUREMENT PRINCIPLES AND GOALS The purchasing principles of The Grand Valley Public Library Board are as follows: 1. To procure by purchase, rental or lease, the required quality and quantity of goods and/or services, including professional and consulting services in an efficient, time and cost effective manner; 2. To encourage open competitive bidding for the acquisition and disposal of goods and services where practicable; 3. To consider all costs, including, but not limited to, acquisition, operating, training, maintenance, quality, warranty, payment terms, disposal value and disposal costs, in evaluating bid submissions from qualified, responsive, and responsible vendors; 4. To give full consideration to the annual aggregate value or to consider the total project cost of specific goods and services that will be required by the Library as a whole prior to determining the appropriate acquisition method; 5. To co-ordinate purchases on a municipal-wide basis when appropriate in order to obtain available volume discounts and best possible price; 6. To monitor and report on the economic climate and legislative changes which may have an impact on The Grand Valley Public Library Board and to determine the appropriate actions to be taken through purchasing policies and procedures. 7. To encourage the procurement of goods and services with due regard to the preservation of the natural environment, vendors may be selected to supply goods made by methods resulting in the least damage to the environment and supply goods incorporating recycled materials where practicable; 8. To review this policy during each term of the Library Board to evaluate its effectiveness, to ensure that the procurement limits meet the needs and requirements of the Library and to operate in an efficient and effective manner.SECTION 111GENERAL CONDITIONS 1. In the absence of the Purchasing Coordinator/Treasurer, an authorized designate will be appointed. 2. Where the CEO is authorized to undertake any act pursuant to this Policy, such act may be undertaken by the CEO’s authorized designate. 3. Any commitments being made where it is recommended that a contract be executed by the CEO must first be approved by the Library Board. 4. Where it is recommended that a contract other than a purchase or...
Verbal Quotation means the receipt of pricing via telephone or in person which will be retained and recorded in writing and documented.
Verbal Quotation means a bid solicitation method used when:
Verbal Quotation means the requisitioning department will receive pricing via telephone or in person and will retain written documentation of the conversation and document the information on the requisition. 1.02 Interpretation Rules: The rules set out in this Section govern the interpretation of this policy.
Verbal Quotation means the requisitioning department will receive pricing via telephone or in person and will retain written documentation of the conversation and document the information on the requisition. SECTION II - PROCUREMENT PRINCIPLES AND GOALS The purchasing principles of the Village of Westport are as follows: 1. The guiding principle is that procurement decisions will be made using a competitive process that is open and transparent, objective, fair, accountable and efficient. This policy will promote and maintain the integrity of the purchasing process and protect Council, suppliers and staff involved in the process by providing clear direction and accountabilities. 2. To procure by purchase, rental or lease the required quality and quantity of goods and/or services, including professional and consulting services in an efficient, timely and cost effective manner; 3. To consider all costs, including, but not limited to, acquisition, operating, training, maintenance, quality, warranty, payment terms, disposal value and disposal costs, in evaluating bid submissions from qualified, responsive and responsible vendors