Actions

RFQ

Request for Quote

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

IDNameLevelx
RFQRequest for Quote0RFQ

Process(es)

IDNameLevelx
S005Tender3S005
S301Identify Supply Sources3S301
D101Process Inquiry3D101
D201Process Inquiry3D201
CContract1C
C1Contract Standard Terms2C1
C4Contract Renewal2C4

Term(s)

IDNameClearx
I2OInquiry-to-OrderI2O
QuoteQuotationQuote
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