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. 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.
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Top 8 Reasons Why Project Management Teams Fail
Some project management practices yield game-changing results and some don’t. Do you know why? Get your hands on the top challenges facing project management teams and insights on how you can avoid them.
This was last updated in August 2005
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