A Request for Qualifications (RFQ) is a document used when a company or organization wants to solicit bids from potential suppliers or contractors. It is typically used to gather information about a vendor's qualifications, experience, and capabilities, as well as to identify potential bidders for a project or contract. RFQs are generally shorter and less detailed than Requests for Proposals (RFPs) and are used as a first step in the procurement process. The information gathered from the RFQ can be used to create a shortlist of qualified vendors who will then be invited to submit a more detailed proposal.
Publication date: