Free Rfq Evaluation Template
RFQ Evaluation
[YOUR COMPANY NAME]
Date: [Insert Date]
Introduction:
This Request for Quotation (RFQ) Evaluation Form serves as a comprehensive tool for assessing and comparing the submitted quotations or proposals in response to a request for quotation (RFQ). The objective of this evaluation is to ensure that all submitted quotations are thoroughly reviewed and compared based on predefined criteria, ultimately aiding in the selection of the most suitable vendor or supplier.
Background:
In the procurement process, RFQs are commonly used to solicit bids from potential vendors or suppliers for the provision of goods or services. The evaluation of these quotations is a critical step in the decision-making process, as it allows the evaluating team to assess various aspects such as pricing, quality, compliance with specifications, delivery timelines, and overall value proposition. By utilizing this evaluation form, the evaluation process becomes structured, transparent, and consistent, enabling the selection of the most competitive and capable vendor.
RFQ Evaluation Criteria
|
Supplier/Vendor |
Criteria |
Description |
Weight |
Score |
|---|---|---|---|---|
|
ABC Supplies |
Pricing |
Evaluation of the cost proposed by the vendor against the budget allocated for the procurement. |
40% |
|
|
XYZ Manufacturing |
Quality |
Assessment of the quality of goods or services offered, including materials, workmanship, etc. |
50% |
|
|
PQR Technologies |
Compliance |
Verification of the vendor's compliance with the specifications outlined in the RFQ. |
30% |
|
|
LMN Logistics |
Delivery Timelines |
Evaluation of the proposed delivery schedules and timelines provided by the vendor. |
40% |
|
|
DEF Solutions |
Past Performance |
Review of the vendor's track record and past performance in similar projects or contracts. |
40% |
|
|
UVW Engineering |
Technical Expertise |
Assessment of the vendor's technical capabilities and expertise relevant to the project requirements. |
50% |
|
|
GHI Services |
Overall Value |
Overall assessment of the value proposition offered by the vendor, considering all evaluation criteria. |
50% |
Note: Weightage for each criterion should be assigned based on its relative importance to the procurement objectives.
|
Additional Comments and Feedback |
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