What is a Comparison Statement?
It is a statement used to compare the quotations submitted by different subcontractors or suppliers.
What is compared?
- The prices of different items in the BOQ
- Payment terms
- Delivery conditions
- Any other conditions put forth by them
Points to be considered while preparing a CS
What is an RFQ?
An RFQ is basically a Request for Quotation sent to a Supplier or a Contractor. It can be a letter or an email.
When is it sent?
- Preparing an Estimate – when we need rates of specific jobs or materials to prepare an Estimate
- Contract finalisation – when we need to finalise a Subcontractor or a Supplier.
What does it contain?
In a Real Estate construction project, an RFQ generally contains the following items: