What Is a Request for Quotation (RFQ)?
A request for quotations (RFQ) is a solicitation asking businesses for price quotes. It's common on smaller and simpler federal purchases.
RFQ (request for quotations) in plain English
Agencies often use RFQs for buys above $15,000 up to the $350,000 simplified acquisition threshold, where simpler, faster procedures apply. GSA Schedule holders also receive RFQs through GSA eBuy.
A quote isn't an offer. The government's order is the offer, and a contract forms when you accept it.
RFQs are usually shorter than RFPs, but they still have firm instructions and deadlines. Read every requirement before you price.
Related terms
- RFP (request for proposals): A request for proposals (RFP) is the solicitation for a negotiated contract, where the agency can weigh price against your approach and past performance.
- Simplified acquisition threshold (SAT): The simplified acquisition threshold (SAT) is $350,000. Federal purchases at or below it can use simpler, faster buying procedures.
- Micro-purchase threshold: The micro-purchase threshold is $15,000. Agencies can make most buys at or below it without competing quotes, often with a government purchase card.
- GSA Schedule: The GSA Schedule (Multiple Award Schedule, or MAS) is a long-term governmentwide contract agencies use to buy commercial products and services.
Put it to work
Looking for another term? Browse the full glossary or the government contracting glossary guide.