Creating a Request for Quote (RFQ) for Procurement
ProjectManager.com
MARCH 19, 2024
Managers want to stay on budget and resources cost money, which is why they use a request for quote (RFQ) to get pricing from suppliers and contractors. The request for proposal differs from the request for quote as it announces a project, describes that project and solicits bids from contractors who will be hired to complete the project.
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