A Request for Quotation (RFQ) is a formal document distributed by client to potential providers, requesting cost estimates for specific goods or services. The RFQ outlines the requirements of the buyer and provides a framework for suppliers to submit their bids. It often comprises information such as the product or service description, quantity req

A Request for Quotation (RFQ), often shortened to RFQ, is a formal communication sent by a buyer to suppliers seeking prices on products or works. The RFQ provides detailed specifications about the needed items, allowing suppliers to submit comprehensive proposals. Upon review of the submitted quotes, the buyer can then select a contract to the mo