A Request for Quotation (RFQ) is a formal document distributed by a buyer to potential providers, requesting detailed quotes for specific goods or services. The RFQ outlines the needs of the buyer and provides a template for suppliers to submit their bids. It usually consists of information such as the product or service description, quantity requi

A Request for Quotation (RFQ), often shortened to RFQ, is a formal document sent by a purchaser to prospective providers seeking prices on products or works. The RFQ provides detailed descriptions about the needed items, allowing suppliers to submit competitive estimates. Following review of the submitted quotes, the buyer can then choose a contra