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 $100,000. For commercial items, these procedures using RFQ may be used up to 5.5 million dollars.
An RFQ is part of the FAR Part 13 – Simplified Acquisition Procedures.
AcqLinks and References:
- Standard Form 18 – Request for Quotation
- Website: FAR 13.302 – Purchase Orders
- Website: FAR Part 13 – Simplified Acquisition Procedures
- MIL-HDBK-245D DoD “Handbook for Preparation of Statement of Work”- 3 April 1996
- Template: Proposal Evaluation Plan
- Template: Source Selection Plan
- Website: FAR Subpart 12 “Acquisition of Commercial Items”
- Website: FAR Subpart 15.2 ‘Solicitation and Receipt of Proposals and Information”