What does request for quote mean in construction?
Short definition
A request for quote asks a vendor, supplier, or subcontractor to price a defined item or scope.
Longer explanation
RFQs are often used during buyout, procurement, and change management to collect comparable pricing.
Example in context
“The project team reviewed the request for quote during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers
Related terms
Related resources
Construction AcronymsA curated index of common construction acronyms used in contracts, drawings, administration, safety, and project delivery.Construction Procurement TermsProcurement terms for RFPs, RFQs, ITBs, bid packages, buyout, purchase orders, and long-lead items.RFP vs RFQUnderstand the difference between a request for proposal and a request for qualifications.RFP vs ITBCompare requests for proposals with invitations to bid in construction procurement.