A Request for Quotation (RFQ) is a formal document distributed by purchaser to potential vendors, requesting price proposals for specific goods or services. The RFQ outlines the requirements of the purchaser and provides a structure for vendors to submit their bids. It usually consists of information such as the product or service description, quan

A Quote Request, often shortened to RFQ, is a formal document sent by a buyer to vendors seeking bids on specific goods or services. The RFQ provides detailed specifications about the needed items, allowing suppliers to submit comprehensive offers. Following review of the submitted offers, the buyer can then choose a contract to the most suitable