Comparison Statement (CS)

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What is a Comparison Statement? 

It is a statement used to compare the quotations submitted by different subcontractors or suppliers.

What is compared? 

  1. The prices of different items in the BOQ
  2. Payment terms
  3. Delivery conditions
  4. Any other conditions put forth by them

Points to be considered while preparing a CS

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Request For Quotation (RFQ)

RFQ

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:

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