Three Price Quote Form and Procurement Compliance
This document outlines the Three Price Quote Form required for procurements between $10,000 and $49,999. It includes guidelines for soliciting quotations from vendors and maintaining compliance with MGL Chapter 30B. Essential for procurement officers to ensure proper documentation and record-keeping.
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How do I fill this out?
Filling out the Three Price Quote Form is straightforward. Begin by gathering written price quotes from three different vendors. Ensure all required information is filled out accurately before submission.

How to fill out the Three Price Quote Form and Procurement Compliance?
1
Collect written quotes from at least three vendors.
2
Fill in the details for each vendor including name, contact, and quoted price.
3
Attach the written quotes to the form.
4
Provide your signature as the person soliciting quotes.
5
Submit the completed form for procurement approval.
Who needs the Three Price Quote Form and Procurement Compliance?
1
Procurement Officers - Required for compliance with state procurement laws.
2
Budget Managers - To manage and track expenses effectively.
3
Vendors - To submit their pricing and service proposals.
4
Finance Departments - For record-keeping and payment processing.
5
Auditors - To review procurement processes and compliance.
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What are the instructions for submitting this form?
To submit the completed Price Quote Form, you can send it via email to procurement@publiclibrary.org, or fax it to (555) 123-4567. If preferred, print and mail the form to 123 Public Library Ave., City, State, Zip. For efficient processing, please ensure all vendor quotes are attached, and keep a copy for your records.
What are the important dates for this form in 2024 and 2025?
Key dates related to procurements vary by project; however, it's advisable to keep informed of the fiscal year schedules. For 2024 and 2025, ensure that deadlines for solicitations and budget approvals are recognized to ensure smooth approvals and compliance.

What is the purpose of this form?
The purpose of the Three Price Quote Form is to facilitate competitive pricing for public procurements. It ensures that multiple vendors' prices are evaluated to secure the best deal for the organization. Compliance with MGL Chapter 30B helps in maintaining transparency and proper record-keeping in procurement activities.

Tell me about this form and its components and fields line-by-line.

- 1. Vendor 1: Information about the first vendor including name, contact details, and quoted price.
- 2. Vendor 2: Information about the second vendor including name, contact details, and quoted price.
- 3. Vendor 3: Information about the third vendor including name, contact details, and quoted price.
- 4. Solicitor Signature: Signature of the person collecting the quotes.
- 5. Procurement Awarded: Details about the vendor awarded the quote and justification.
What happens if I fail to submit this form?
If this form is not submitted, the procurement process may stall and compliance issues could arise. Without formal quotes, your organization might miss out on the best pricing options and expose itself to further audits.
- Compliance Risk: Failing to submit may lead to non-compliance with procurement laws.
- Budget Management Issues: Without the form, tracking expenses can become difficult.
- Vendor Relationships: Delayed processes may negatively impact relationships with vendors.
How do I know when to use this form?

- 1. Procurement Processes: Whenever required to solicit competitive pricing for projects.
- 2. Service Acquisitions: When acquiring services that fall under the specified cost range.
- 3. Product Purchases: Utilized when purchasing products that engage multiple vendors for pricing.
Frequently Asked Questions
How do I fill out the Price Quote Form?
Begin by collecting written quotes from three vendors and fill in their information.
Can I edit the PDF file?
Yes, you can edit your PDF documents directly on PrintFriendly.
How can I submit the completed form?
The form can be submitted via email, fax, or physical mail.
Is there a deadline for submissions?
Ensure to submit your quotes prior to your budget approval deadlines.
What if I don't have three quotes?
Efforts must be made to obtain three quotes; however, document your attempts.
How do I ensure compliance?
Follow the instructions laid out in MGL Chapter 30B regarding procurements.
Can I attach other documents?
Yes, additional documentation can be attached alongside the price quotes.
Who needs to sign the form?
The procurement officer and possibly a vendor representative need to sign.
What if I make a mistake?
You can easily edit the PDF on PrintFriendly to correct any errors.
How do I access my edited documents?
You can download your edited document directly after making changes.
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