Request for Quote (RFQ)

Standardized questionnaire / document that outlines project and pricing requirements that is provided to prospective vendors. Vendors respond to the RFQ in a standardized format and quotes from multiple vendors are compared against each other simultaneously. This process is typically simpler than a RFP.

SSG provides software selection services and helps clients develop RFQs to find the appropriate software for their company. For more information, please see SSG’s blog article on software selection here: https://ssgnet.com/discovery-business-process-analysis-software-selection/