Acquisition & Contracting
What Does RFQ Stand For?
Request for Quotation
Definition
A solicitation used for commercial items where price is the primary evaluation factor. Simpler than an RFP.
Related Acronyms in Acquisition & Contracting
RFPRequest for ProposalRFIRequest for InformationSOWStatement of WorkPWSPerformance Work StatementSOOStatement of ObjectivesLPTALowest Price Technically AcceptableIDIQIndefinite Delivery/Indefinite QuantityBPABlanket Purchase AgreementGWACGovernment-Wide Acquisition ContractMACMultiple Award ContractFFPFirm Fixed PriceCPFFCost Plus Fixed FeeT&MTime and MaterialsCOContracting OfficerCORContracting Officer RepresentativeKOContracting Officer (alternate)COTRContracting Officer Technical RepresentativeMASMultiple Award ScheduleOASISOne Acquisition Solution for Integrated ServicesSEWPSolutions for Enterprise-Wide Procurement
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