Request for qualifications
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A Request for Qualifications (RFQ) is a step sometimes used in the formal process of procuring a product or service, for example by a government agency. It is typically used as a screening step to establish a pool of vendors (businesses or individuals to provide a product or service) that are then qualified, and thus eligible to to submit responses to a Request for Proposals[1][2]. In this two-step process, the response to the RFQ will describe the company or individual's general qualifications to perform a service or supply a product but generally will not include specific details or price proposals.
The Request for Qualifications should not be confused with a Request for Quotation, a different vendor-selection process with the same acronym. See RFQ.
References
- ^ http://www.artscapediy.org/Creative-Placemaking-Toolbox/How-Do-I-Select-and-Contract-Specialists-and-Servi/What-is-a-RFQ-and-How-Do-I-Use-One.aspx
- ^ http://www2.gov.bc.ca/gov/content/governments/services-for-government/bc-bid-resources/how-to-buy-services/procurement-process/pre-award/prepare-solicitation-documents/request-for-qualifications