OpenReference

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.

Hierarchy

ID	Name	Level	x
RFQ	Request for Quote	0	RFQ

Process(es)

ID	Name	Level	x
C	Contract	1	C
C1	Contract Standard Terms	2	C1
C4	Contract Renewal	2	C4
S005	Tender	3	S005
S301	Identify Supply Sources	3	S301
D101	Process Inquiry	3	D101
D201	Process Inquiry	3	D201

Term(s)

ID	Name	Clear	x
I2O	Inquiry-to-Order		I2O
Quote	Quotation		Quote

Connections

From	Workflow	To
C205	Proposal	S005
C205	Proposal	S302
S0	Request For Quote	C1
S005	Request For Quote	C101
S301	Request For Quote	D101
S301	Request For Quote/Proposal	D201

Request for Quote 0 0 RFP, RFQ, IFB, Request, Proposal, Quotation, Supplier, Supply Chain A formal document issued by a buyer to solicit price and delivery terms ('Quotations') from a prospective seller