A Request for Quote is a formal document issued by a Buyer to solicit price and delivery terms ('Quotations') from a prospective Seller. Request for Quote invites Suppliers to bid on products or services.
Alternative names for Request for Quote include: Invitation for Bid (IFB), Request for Proposal.
|RFQ||Request for Quote||0||RFQ|
|C1||Contract Standard Terms||2||C1|
|S301||Identify Supply Sources||3||S301|