Request for quote (RFQ)
A document used to request a price quote from a subcontractor, vendor, or another supplier.
A request for quote is a document sent to suppliers asking them to provide pricing for goods or services. It is used to compare options and select the best value, ensuring cost-effective procurement for the project.
Used in a sentence
The request for quote was sent to multiple suppliers to obtain competitive pricing for materials.
Synonyms/variation
RFQ
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