New York RFQs
A simpler solicitation asking vendors for a price quote on a specific, fully defined product or service.
What is Request for Quotation (RFQ)?
RFQs (Requests for Quotation) are used when the agency has fully defined what it needs and is essentially asking "what will you charge?" Quotes are typically not binding offers — the agency reviews them and issues a purchase order to the chosen vendor. Federal RFQs operate under FAR Subpart 13.3 (Simplified Acquisition Procedures) and are common for purchases below the simplified acquisition threshold (currently ~$250,000 for most agencies).