QuestCDN Blog Mastering the Request for Quotation Process: Expert Tips & Strategies

Table of ContentsUnderstanding the Request for Quotation (RFQ)Key Elements of an RFQ DocumentTypes of RFQsThe RFQ Process ExplainedWhen to Use an RFQ vs. an RFPBenefits of Using an RFQCommon Challenges in the RFQ ProcessBest Practices for a Successful RFQSummary and Frequently Asked QuestionsA Request for Quotation (RFQ) helps government project owners get competitive prices from contractors or suppliers by formally asking for detailed price quotes. This process is crucial for making smart purchasing decisions. In this article, you'll learn what an RFQ is, how it works, the key components involved, and best practices to follow.