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1. www.acquisition.gov › far › 1313.004 Legal effect of quotations. - Acquisition.GOV

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   Legal effect of quotations. (a) A quotation is not an offer and, consequently, cannot be accepted by the Government to form a binding contract. Therefore, issuance by the Government of an order in response to a supplier’s quotation does not establish a contract.

2. www.acquisition.gov › far › part-13Part 13 - Simplified Acquisition Procedures | Acquisition.GOV

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   Authorized individuals do not have to obtain individual quotations for each purchase. Standing price quotations may be used if-(a) The pricing information is current; and (b) The Government obtains the benefit of maximum discounts before award.

3. www.investopedia.com › terms › qWhat Does Quotation Mean in Finance and Why Are They Important?

   www.investopedia.com › terms › q

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   29 maj 2022 · Quotations signify the recent sale price of any asset traded on the market. A definition of quotations also includes high, low, open, and close values for a given day. Most asset classes quote...

4. acqnotes.com › contracting › streamlining-government-procurement-the-power-ofStreamlining Government Procurement: The Power of Request for...

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   25 sty 2024 · Definition: A Request For Quotation (RFQ) is a method where an acquiring organization solicits bids and price quotes from suppliers and contractors for a project or task. Understanding Simplified Acquisitions

5. ocpo.treasury.gov.za › Resource_Centre › LegislationPFMA SCM INSTRUCTION NO. 02 OF 2021/22 PUBLIC FINANCE MANAGEMENT...

   ocpo.treasury.gov.za › Resource_Centre › Legislation

   invitation of price quotations, ensuring that prospective suppliers are afforded enough time to submit their quotations and balancing with the need for the organ of state to deliver services.

6. www.dau.edu › acquipedia-article › fair-and-reasonable-price-determinationFair and Reasonable Price Determination | www.dau.edu

   www.dau.edu › acquipedia-article › fair-and-reasonable-price-determination

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   Definition. A fair and reasonable price determination is an assessment by the Government that an offeror’s proposed price for a supply or service can be considered “fair and reasonable” on the basis of applying one or more price analysis techniques.