Quotation Configuration

Quotation Configuration

The configuration given for defining the mentioned policies

• Quotation terms and conditions required from vendor
• Quotation deposit configuration
• Quotation fees configuration
• Quotation technical bid authority configuration
• Single party quotation configuration

Prerequisite

• Renewal Policy should be configured
• PSI policy should be configured
• Quotation deposit head should be configured from the finance admin login

Role

Purchase Admin

Path

Quotation » Quotation Configuration

Inputs Needed

• Quotation terms and conditions required from vendor
• Quotation deposit configuration
• Quotation fees configuration
• Quotation technical bid authority configuration
• Single party quotation configuration

Terminology Used

Quotation: Formal statement setting out the estimated cost for a particular job or service.

Functionality

• Admin can define the master list of quotation terms and conditions expected from vendor while submission of quotations.
• Admin can define the quotation deposit fees.
• Admin can define quotation fees required from vendors depending upon the quotation amount budget range.
• Admin can define the quotation approval higher authority for opening the technical bid quotations.
• Admin can define the single party quotation service rules.

Step by Step

Quotation terms and conditions

Quotation deposit configuration

Quotation fees configuration

Quotation technical bid authority configuration

Single party quotations