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A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
A Request for Quote (RfQ) is a financial term for certain way to ask a bank for an offer of a given financial instrument from a bank, made available by so-called Approved Publication Arrangement (APA) by the stock markets itself or by Financial data vendors as required in Europe by MiFID II and in effect since January 2018. [1]
Please add this template after a reference to an unquoted source that you think may be inaccurate, like this: {{Request quotation|date=December 2024}}This is used to request a direct quote from the cited source, so that it may be verified that the source can verify the statement or that the editor has interpreted the source correctly.
Request for quotation, a (general) request for a quote to perform work. Request for quote, a (specific) financial term when asking a bank for an offer of a financial instrument. Request for qualifications, the qualification request for a position, job or work.
A request for information (RFI) is a common business process whose purpose is to collect written information about the capabilities of various suppliers. [1] Normally it follows a format that can be used for comparative purposes. An RFI is primarily used to gather information to help make a decision on what steps to take next.
A request for proposal (RFP) or request for quotation (RFQ) is then raised. Suppliers send their quotations in response to the RFQ, and a review is undertaken where the best offer (typically based on price, availability and quality) is given the purchase order. Purchase orders (PO) can be of various types, [2] including: standard - a one time buy
Please add this template after a reference to an unquoted source that you think may be inaccurate, like this: {{Request quotation|date=December 2024}}This is used to request a direct quote from the cited source, so that it may be verified that the source can verify the statement or that the editor has interpreted the source correctly.
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