A detailed request from a buyer for prices from potential sellers for products or services (usually of a large quantity) that can be purchased at one time. Real-Time
To request for a specific price for a specific product.
Request For Qualifications
Request for Qualification. Qualification-based selection for services.
Request for Qualification. a written document describing the Agencys qualification requirements of Contractors and the type of services desired. The RFQ will not result in a contract but is intended to establish a list of pre-qualified Contractors allowed to submit proposals on a future RFP.