Quotation Review Meeting

A quotation review meeting is convened to thoroughly review and assess price quotations or proposals received from suppliers, vendors, or contractors. These meetings play a critical role in procurement and decision-making processes, as they involve the evaluation of cost estimates, terms, and conditions associated with potential contracts or purchases. Participants in quotation review meetings analyze the proposals against predefined criteria, consider factors such as quality, cost-effectiveness, and compliance with organizational standards, and make decisions on selecting the most suitable quotations.