Request for Quotation
/ˌrɛkwɛst fɔːr kwəʊˈteɪʃən/
Definitions
- (n.) A formal document issued to suppliers inviting them to bid on specified goods or services, often used in procurement and contract formation.
The company issued a request for quotation to multiple vendors to obtain competitive pricing.
Forms
- request for quotation
- requests for quotation
Related terms
See also
Commentary
A request for quotation is typically less detailed than a request for proposal and focuses on price quotations; drafters should distinguish it from other procurement documents to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.