Request for quotation

Information like payment terms, quality level per item or contract length may be requested during the bidding process.The ubiquitous availability of the Internet has made many government agencies turn either to state-run or vendor operated websites which provide listings of RfQs as well as RfIs and RfPs.Many allow vendors to sign up at no charge to receive e-mails of requests either generally or for specific categories of product or service for which there is an interest.[citation needed] The suppliers have to return the bidding by a set date and time to be considered for an award.RfQs are best suited to products and services that are as standardized and as commoditized as possible, as this makes each supplier's quote comparable.
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