Request for Quotation

Request for Quotation

Request For Quotation (RFQ) in International Trade

Meaning of Request For Quotation (rfq), according to the Dictionary of International Trade (Global Negotiator): A negotiation approach whereby the buyer asks for a price quotation from a potential seller/supplier for specific quantities of goods (or services) to specifications the buyer establishes in the request for quotation letter.

Also called request for proposal (RFP). Model of Request for Quotation Letter.


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