GovCon Acronym Decoder
Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.
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1 of 172 terms matching "RFQ"
Request for Quote
A request for pricing on a defined requirement. Usually simpler and faster than an RFP, and common for commercial items and simplified acquisitions.
When you see it
On smaller buys, GSA Schedule orders, and simplified acquisitions.
Do you need it
You respond with a quote. A quote is an offer to sell, not a binding offer in the FAR Part 15 sense.
Where it comes from
Issued by the contracting office, often under FAR Part 13 or Part 8.
Request for Quote
A request for pricing on a defined requirement. Usually simpler and faster than an RFP, and common for commercial items and simplified acquisitions.
When you see it
On smaller buys, GSA Schedule orders, and simplified acquisitions.
Do you need it
You respond with a quote. A quote is an offer to sell, not a binding offer in the FAR Part 15 sense.
Where it comes from
Issued by the contracting office, often under FAR Part 13 or Part 8.
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