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Request for Quote (RFQ)
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A Request for Quote (RFQ) is a document that a business submits to one or more potential suppliers in order to receive quotes for a product or service. Generally, an RFQ seeks an itemized list of prices for products or services that is well-defined, such as hardware. Another type of document is called a Request for Proposals (RFP), which is customarily used when the requesting business’s requirements are more complex, or a Request for Information (RFI), which collects written information about supplies or services.

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