Request for Quotes definition

Request for Quotes means a Written or oral request for prices, rates or other conditions under which a potential Contractor would provide Goods or perform Services, Personal Services or Public Improvements described in the request.
Request for Quotes or “RFQ” means the solicitation by the College of Offers from competing vendors in an effort to obtain competitive quotes. The solicitation may be by advertisement or by the College initiating a request to vendors to make an offer in accordance with the provisions of Small Procurements and Intermediate Procurements as these categories are defined in ORS 279B.065 and 279B.070, pursuant to the rules established by the College’s Local Contract Review Board for competitive thresholds. The solicitation may be accomplished by advertisement or by the College initiating a request to vendors to make an Offer. The solicitation and the offer may be electronic, in writing, or oral.
Request for Quotes or “RFQ” means a solicitation for competitive offers where lowest price is the sole or primary consideration to be used in determining an award or any other solicitation that is identified and classified by the Division as a request for quotes.

Examples of Request for Quotes in a sentence

  • Procurement – The Invitation for Bids, Request for Quotes, Request for Proposals or other solicitation and all associated final procurement documentation issued by the Commonwealth to obtain proposals from firms for award of the Prime Contract.


More Definitions of Request for Quotes

Request for Quotes. (RFQ) means the invitation to Bidder’s, including any amendments, to submit a Quote/Quotation for the goods to be purchased.
Request for Quotes means the request issued to the Supplier for a quote for Goods and or Services by the Customer;
Request for Quotes means a Written or oral request for prices, rates, or other conditions
Request for Quotes means a Solicitation Document to obtain competitive quotes to be used as a basis for making an acquisition or entering into a Contract when best value will be the award criteria.
Request for Quotes or “RFQ” means the solicitation documents for the Goods, Services and/or Work, addenda (if any), specifications, drawings, electrical components, appendices, attachments etc.
Request for Quotes means a Written or oral request for prices, rates or other conditions under which a potential Contractor would provide Supplies and Services or Public Improvements described in the request.
Request for Quotes means the documents attached to these terms and conditions setting out the requirements, including any award criteria, specifications or contract, for providing the goods, services or works specified in the Project Brief.