Request for quote
A request for quote (RFQ) asks for prices on a small or simple purchase, usually below the amount that requires a formal sealed bid.
It is often how a small business wins its first public work.
On a real bid
The amount that triggers a formal bid is set by each state, city or agency. Below it, an RFQ can go to a few vendors on the agency's list.
Some agencies use RFQ to mean request for qualifications, which asks for experience before any price.
The longer read: Can a small business get government contracts?
Where Capveon reads it
Capveon reads the small quotes on agency portals alongside the large bids, so the quick wins near you are not missed.
