RFQ
Acronym for Request for Quotation.
What is RFQ?
Purchasing employee who has been given authority to commit the Company to purchases of material and services. Authorized to commit to purchases within their approval limit.
What is Buyer
This singer is known as the Queen of Pop.
Who is Madonna?
Name (3) appropriate examples of when an internal PO can be used
What are payments for 1) Insurance, 2) Landowner Payments, 3) Payroll, 4) Taxes, 5) Utility Bills
These are all ALLETE businesses.
Who are Minnesota Power, ALLETE Clean Energy, SWLP, New Energy Equity, and BNI Energy?
The amount on which competitive bids are required.
What is $50,000?
Shall be used when changing the contract price, when the sum of FWA’s exceed $50,000, for engineering/ design changes, when changing the scope of work or changes made to contractual dates.
What is Change Order
(Daily Double) "To be or not to be" is a famous line from this Shakespeare play.
What is Hamlet?
Global Tranz is to be utilized when freight exceeds this amount of weight
What is 150 pounds
(Daily Double) The number of ALLETE Board of Directors in 2025.
What is 10?
Document needed if there is only one source and there are no other competitors.
What is a sole source letter?
Oracle responsibility where purchase requisitions can be entered and where users can view their purchase orders, invoices, receipts, payments, and advance ship notices.
What is iprocurement
This planet is known as the Red Planet
What is Mars?
Requests for CTS software and hardware should be submitted to this location
What is ALLETE Hub
The number of residents served by Minnesota Power.
What is 150,000?
Name at least two parts or pieces to an RFQ
What are specifications, drawings, scope of work, general terms and conditions, payment terms, pricing schedule, attachments, schedule
Purchasing will handle the order within two to three business days
What is priority
This purchase doubled the size of the United States in 1803.
What is the Louisiana Purchase?
Requirements in order to award to related parties, regardless of dollar value. (Name 2 of the 3)
What is 1) Be quoted, 2) have management approval, 3) meet all purchase order requirements (contract, insurance, 1099R)?
Partners named in ALLETE's proposed transaction recently approved by the Public Service Commission of Wisconsin.
Who are Canada Pension Plan Investment (CPP Investments) and Global Infrastructure Partners (GIP)?
Factors may be considered other than pricing in an RFQ
What are 1) ability to meet specification requirements, 2) Ability to meet timeline, 3) Availability of equipment necessary to complete work, 4) Previous record of performance, 5) Financial stability, 6) Cyber security requirements
Information that is not public knowledge (such as certain financial data, test results or trade secrets) and that is viewed as the property of the holder.
What is Proprietary Information
He is known for his horror novels, including “Carrie” and “The Shining.”
Who is Stephen King.
Agreement outside of Purchasing's Procurement Authority
What are contracts, proposals, or agreements that 1) have no dollar value and 2) are not associated with a PO
The quarterly dividend per share of ALLETE stock on April 25, 2025.
What is 73 cents?