Request for Quotation(RFQ)
A solicitation used for simplified acquisitions where the government requests price quotes for clearly defined commercial supplies or services.
Overview
A Request for Quotation (RFQ) is a streamlined solicitation method used primarily for simplified acquisitions and purchases of commercial items. The government describes what it needs and asks vendors to submit price quotes. RFQs involve less administrative overhead than RFPs, making them common for smaller purchases and well-defined commercial requirements.
Why It Matters in GovCon
RFQs represent a high-volume, lower-dollar segment of the contracting market that many small businesses can access relatively easily. They typically have shorter turnaround times and simpler submission requirements than RFPs, making them excellent opportunities for building past performance and establishing agency relationships.
Key Details
- Simplified Acquisition: Most RFQs fall under the Simplified Acquisition Threshold (currently $250,000), governed by FAR Part 13.
- Commercial Items: RFQs are frequently used under FAR Part 12 for commercial products and services.
- Response Format: Usually a straightforward price quote rather than a multi-volume technical proposal.
- Award Basis: Typically awarded to the lowest-priced quote that meets the requirement, though best value approaches are also used.
- GSA Schedules: Agencies often issue RFQs to GSA Schedule holders for streamlined purchasing.
How GovCon Data Can Help
GovCon Data surfaces RFQ opportunities alongside larger solicitations, helping you build a pipeline that includes quick-turn, accessible opportunities for revenue and past performance.
Related Terms
- Request for Proposal (RFP)
- Simplified Acquisition Threshold
- Federal Supply Schedule (FSS)
- Invitation for Bid (IFB)
More Solicitations Terms
A procurement approach where the government selects the offer that provides the greatest overall benefit, considering factors beyond just price.
The group of offerors selected by the government as having a reasonable chance of being awarded the contract, based on initial proposal evaluations.
A solicitation method where the government awards a contract to the lowest-priced responsive, responsible bidder through sealed bidding.
A source selection method where the contract is awarded to the lowest-priced offeror whose proposal meets all technical requirements.
A document that describes required contract outcomes and performance standards rather than prescribing how the work should be done.
A pre-solicitation document where the government seeks industry input on requirements, capabilities, and market conditions before issuing a formal solicitation.
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