Laura Porter / Investopedia A request for quotes is when a company solicits suppliers and contractors submit price quotes or bids for the chance to fulfill a project. What Is a Request for Quote ...

The fields on the request-for-quote form might ask people to: Provide their overall vision for the product. Describe how it will function or what purpose will serve. Specify their desired quantities.

The report found a "dramatic improvement" in how top forwarders help customers procure freight online, with 11 of the 20 forwarders now providing dedicated ‘request for quotation,' or RFQ forms ...

So, rather than responding with a quote, pick up the phone to let them know you’ve received their request and want to ask a few questions first to make sure what you have to offer will be the ...