A vendor quote is a price quote provided by a vendor for a specific product or service associated with your application and proposed project. Generally, it is in response to a Request for Quote (RFQ), Request for Proposal (RFP), or Request for Information (RFI) that you developed. Upon notification of an LGRMIF grant award you are required to follow state law and locally adopted procurement policies and procedures for the acquisition of project-related products and services. Depending on the product or service and amount awarded, this may require a formal competitive bid process, or you may be able to purchase project- related products or services off state contract or from a preferred source vendor. For additional information on the procurement process, including competitive bidding and preferred sources, please refer to the Office of the State Comptroller’s Local Government Management Guide: Seeking Competition in Procurement.
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