What is RFQ?
September 2, 2024 ⚊ 1 Min read ⚊ Views 10 ⚊ BLOG
A Request for Quotation (RFQ) is a business document that solicits prices and payment terms from vendors for specific products or services. It includes details like technical specifications, contract duration, and delivery dates. The RFQ process involves gathering bids, evaluating them, and selecting the best option. Bid management software can streamline this process, saving time, enhancing professionalism, and ensuring security.
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