Procurement
Request for Quotation (RFQ)
A solicitation used when the government intends to award based primarily on price.
In context
How Request for Quotation works in supplier diversity
RFQs are typically used for simpler purchases where specifications are clear and price is the primary evaluation factor. Responses are usually shorter than RFP responses. RFQs are common for commercial items, simple services, and purchases under simplified acquisition thresholds.
Example
Real-world example
The certification quiz checks your business against every certification we track. The result is a ranked list with the buyers each one opens. Or open the certification reference for the full guides.