25-08-2017, 09:32 PM
Abstracts: A Request for Quotation is a document issued when an organization wants to buy something and chooses to make the specifications available to many other companies sothey can submit competitive bids.RFQ or Request For Quotation, is the term which commonly is used by purchasers when inviting suppliers and subcontractors to bid on projects or products. Normally the RFQ is a document containing all necessary information for the the suppliers to give their quote. The document makes it obvious that several suppliers are invited to bid on the products and in that way create potential for competitive bids.