RFQ
Request for Quotation
Acronyms & AbbreviationsDefinition
A Request for Quotation (RFQ) is a solicitation document used when the government needs a price quote for well-defined goods or services. RFQs are simpler than RFPs and are typically used for commodity purchases where specifications are clear and the award goes to the lowest-priced technically acceptable vendor.
RFQs are common for supply purchases, equipment, and standardized services. The government already knows exactly what it needs — the only question is price. This makes them faster to respond to than RFPs, which require detailed technical proposals.
In federal procurement, RFQs are often used under simplified acquisition procedures (SAP) for purchases under $250,000. They can also be used for orders against existing contracts like GSA Schedules or BPAs.
For vendors, RFQs are a good entry point into government contracting because responses are shorter and less resource-intensive than full proposals.
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