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