The IT Law Wiki

Request for quotation

32,083pages on
this wiki
Add New Page
Add New Page Talk0

Definitions Edit

Government acquisition Edit

A request for quotation (RFQ) is

[a] solicitation used in negotiated acquisition to communicate government requirements to prospective contractors and to solicit a quotation. A response to an RFQ is not an offer; however, it is informational in character.[1]
(1) a request to the vendor community outlining in a definitive fashion the activity to be performed, frequency, and any other pertinent information which would allow a bidder to submit pricing information in accordance with the requirements of the solicitation. (2) a request to vendors which invites submission of a price for a specified commodity or service.[2]

References Edit

  1. Department of Defense, Glossary of Defense Acquisition Acronyms and Terms (14th ed. July 2011) (full-text).
  2. Michigan Dept. of Tech., Management & Budget, 8000 Glossary (Jan. 6, 1997) (full-text).

Also on Fandom

Random Wiki