Definitions[]
Government acquisition[]
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[]
- ↑ Department of Defense, Glossary of Defense Acquisition Acronyms and Terms (14th ed. July 2011) (full-text).
- ↑ Michigan Dept. of Tech., Management & Budget, 8000 Glossary (Jan. 6, 1997) (full-text).