What Is a Request for Quote (RFQ)? A request for quote (RFQ), also known as an invitation for bid (IFB), is a process in which a company solicits select suppliers and contractors to submit price ...

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 ...

An invitation for bid (IFB), sometimes referred ... An IFB differs from a request for proposal, in that the objective is to obtain contractors' proposals concerning the costs to complete the ...