A Request for Quotation (RFQ) is a method of soliciting offers from suppliers for customer’s requirements for suppliers or services that fit within the dollar amount for supplies or services;  >$3000.  This is used when the aggregate amount involved in any one transaction is relatively small. The FAR allows a RFQ for government unique items to be used for Purchase Orders (PO) that do not exceed the simplified acquisition threshold of $150,000. For commercial items, these procedures using RFQ may be used up to 5.5 million dollars.

Standard Form 18 – Request for Quotation

An RFQ is part of the FAR Part 13 – Simplified Acquisition Procedures.

AcqLinks and References:

Updated: 7/18/2017

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