The pure price inquiry for a clearly defined service.
The RFQ is the most narrowly scoped of the three inquiry types alongside RFI and RFP. While the RFI gathers information and the RFP requests a fully developed solution, the RFQ is solely concerned with price: what does a precisely specified service cost? It is used when the client already knows exactly what they need and is comparing providers solely on the basis of price and conditions. RFQs are therefore more standardised and leave less room for substantive differentiation than an RFP.
At first glance, the RFQ appears to be solely about price — but this is misleading. Here too, the advantage often goes to those who respond quickly and accurately. Those who are first to submit a complete, well-documented proposal have an edge, even if they are not the lowest bidder. And since the services being requested frequently recur, it is worth retrieving pricing components, terms, and standard information from a verified base rather than compiling them from scratch each time.
With Tendry, you answer RFQs from verified knowledge and deliver a complete, consistent proposal quickly. This allows you to respond faster than the competition without starting from scratch with every inquiry.
Win Deals. Deliver Trust.