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What is rfq in project management?

Updated: 9/22/2023
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11y ago

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RFQ stands for Request for Quote or Request for Quotation

It is commonly used in Project Procurement Management.

For ex: Let us say you are a builder and I want to construct an house, i will ask you for a quotation wherein you will give me a quote that says how much it would cost me, how much time you would take etc.

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