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RFQ meaning: request for quotation

RFQ stands for request for quotation: a buyer asks suppliers for a price against a need it has already specified in full, and usually buys on price. It suits standard goods and simple services, and lower-value public buying: below the thresholds, a buyer can invite quotes from suppliers it chooses without advertising. 3,857 UK public notices carry it in their title, from 384 buyers.

UK notices counted · 28 Sept 2026

Definition

Request for quotation (RFQ)

A request to suppliers for a price against a fully specified requirement, typically decided on price.

UK notice titles using it
3,857
Buyers using it
384

01/ What it contains

What's in an RFQ

An RFQ is short because the thinking is done: the buyer knows exactly what it wants and is asking what it costs.

  • SpecificationExactly what is wanted — product, standard, quantity.
  • DeliveryWhere, when and how it must arrive or be done.
  • Pricing scheduleThe format your price must take, line by line.
  • TermsThe contract or purchase-order terms that will apply.
  • DeadlineWhen the quotation must arrive, and how long it must stay valid.

02/ Side by side

RFQ against RFP, ITT and RFI

Four documents a buyer can send, and what each wants back. Tap a name to spotlight its column.

Spotlight
RFP, ITT, RFQ and RFI compared
AttributeRFPRequest for proposalITTInvitation to tenderRFQRequest for quotationRFIRequest for information
The buyer asksHow you would meet an outcome, and at what priceA tender against a set specification and published criteriaA price for a fully specified requirementWhat the market can do — before any competition
You send backA proposalA tenderA quotationInformation
How it's judgedQuality and price, against stated weightingsPublished award criteria — usually quality and price, often social value tooMostly or wholly on priceNot scored for an award
Ends in a contract?Yes, if you winYes, if you winYes, if acceptedNo — nothing is awarded from an RFI
Where you'll see itPrivate sector, international buyers, some UK public bodiesMost UK public-sector competitionsLower-value goods and simple servicesBefore a procurement, as market engagement

03/ The UK record

How often UK buyers say RFQ

UK public notices with “request for quotation” or “RFQ” in the title, each full year.

Notice titles, Find a Tender and Contracts Finder. Rates are per 10,000 notices classified that year, the Requirements Observatory’s denominator. Titles only: a description mentions the term far more often.

Per 10,000 notices: 2019 48.6 · 2020 41.4 · 2021 30.8 · 2022 42.5 · 2023 34.6 · 2024 101.6 · 2025 27.4

UK notice titles using RFQ, by year
PeriodTitles using RFQTotal
2019249249
2020168168
2021190190
2022389389
2023334334
202410221022
2025237237

04/ Who says it

The buyers who say RFQ

384 buyers have used it in 3,857 notice titles. These eight use it most.

Notice title contains “request for quotation” or “RFQ”, grouped by buyer as published.

06/ In practice

How to respond to an RFQ

  1. 01

    Price the specification

    Quote exactly what is specified. An alternative can go alongside, never instead.

  2. 02

    Include every cost

    Delivery, installation, VAT treatment — anything left out is a price you pay later.

  3. 03

    State the validity

    Say how long the price holds, in the form the RFQ asks for.

  4. 04

    Meet the deadline

    Late or incomplete quotations are usually rejected unread.

07/ Questions

RFQ, answered

RFQ stands for request for quotation: a buyer's request to suppliers for a price against a requirement it has fully specified.

In procurement, an RFQ is the price-led route: the buyer defines exactly what it wants, asks several suppliers to quote, and usually buys from the lowest compliant price. It suits standard goods and simple services where quality is fixed by the specification.

An RFQ asks for a price for a defined need; an RFP asks suppliers to propose how they would meet an outcome, scored on quality and price. See RFP vs RFQ.

Typically for lower-value purchases. Below the thresholds, a buyer that invites quotes only from suppliers it has chosen — without advertising — does not have to publish a tender notice (below-threshold guidance). Above the thresholds, competition runs through the Procurement Act's procedures.

The RFQ is the buyer's request; the quote (or quotation) is the supplier's reply — the priced offer.

No. An RFQ is price-led and usually informal; a tender is a formal offer in a competitive procedure, typically scored on quality as well as price. See tender meaning.

08/ Method

How this page is made

Live figures

Counts are UK public notices — Find a Tender and Contracts Finder, all years — whose title contains “request for quotation” or “RFQ”. Titles are where a buyer names the document, and they can be counted exactly and quickly; descriptions mention the term far more often.

Rates are per 10,000 notices classified that year, the same denominator the Requirements Observatory uses. Figures are cached for up to 24 hours.

Outside sources

RFP Quest logo — Request for quotation (RFQ): meaning, with live UK data

RFP Quest reads every notice on Find a Tender and Contracts Finder. Counts on this page are read from that record and dated at the top.