request for quotation (RFQ)

A request for quotation (RFQ) is a document that an organization submits to one or more potential suppliers eliciting quotations for a product or service.

A request for quotation (RFQ) is a document that an organization submits to one or more potential suppliers eliciting quotations for a product or service. Typically, an RFQ seeks an itemized list of prices for something that is well-defined and quantifiable, such as hardware. Another type of document, called a request for proposals (RFP), is customarily used when the requesting organization's requirements are more complex.

This was first published in August 2005

Glossary

'request for quotation (RFQ)' is part of the:

View All Definitions

Dig Deeper

PRO+

Content

Find more PRO+ content and other member only offers, here.

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

SearchHealthIT

SearchCloudComputing

SearchMobileComputing

SearchDataCenter

Close