This Request for Quote Template is a document that businesses use to learn more about potential suppliers' pricing information. Because its objectivity makes it simple to compare and contrast vendors, this standardized form assists firms in more effectively sorting through bids. You can send RFQ documents before or alongside your request for proposal (RFP). Typically, a company will tailor the RFQ it sends out to receive the specific information they require before proceeding with a potential vendor. Customize your document to include the most critical data for your vendor, such as pricing expectations, submission details, and so on.