Coming Soon
Request for Quotation
Get competitive quotes from qualified suppliers and service provider
RFQ (Request for Quotation) is your tool for obtaining detailed pricing and commercial terms from suppliers, enabling competitive bidding and informed purchasing decisions.
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What is Request for Quotation (RFQ)?
A Request for Quotation (RFQ) is a formal procurement process where buyers solicit detailed price quotes from suppliers for specific products or services. Unlike RFI, RFQ focuses on obtaining competitive pricing and commercial terms for purchase decisions.
Price-Focused
Detailed pricing and commercial terms
Competitive
Multiple suppliers compete for your business
Binding
Leads to actual purchase agreements
RFQ vs RFI - Key Differences
Understanding the difference between RFI and RFQ helps you choose the right approach for your procurement needs.
| Aspect | RFI (Request for Information) | RFQ (Request for Quotation) |
|---|---|---|
| Purpose | Information gathering | Price comparison & selection |
| Stage | Early research phase | Active procurement phase |
| Commitment | No purchase commitment | Intent to purchase |
| Focus | Capabilities & specifications | Pricing & commercial terms |
| Outcome | Market knowledge | Supplier selection |
Our RFQ Process
Our structured RFQ process ensures fair competition and optimal results for all participants.
1. RFQ Preparation
- Define detailed specifications
- Set evaluation criteria
- Establish timeline and deadlines
- Determine budget parameters
2. Supplier Identification
- Identify qualified suppliers and service provider
- Pre-qualify based on capabilities
- Send RFQ invitations
- Provide clarification sessions if needed
3. Quote Submission
- Suppliers submit detailed quotations
- Include pricing, terms, and conditions
- Provide delivery schedules
- Submit supporting documentation
4. Evaluation & Selection
- Technical evaluation of proposals
- Commercial comparison
- Reference checks
- Final supplier selection
5. Award & Contract
- Notify successful supplier
- Negotiate final terms
- Execute purchase agreement
- Communicate with unsuccessful bidders
How to Submit an RFQ
Feature Coming Soon!
Our advanced RFQ submission system is currently under development. Get ready for competitive procurement!
Simple 3-Step Process:
Step 1: Preparation
Define requirements, budget range
Step 2: RFQ Creation
Complete the RFQ form and upload specifications
Step 3: Launch & Monitor
Submit RFQ and track supplier responses
Required Information:
- Product/service specifications
- Quantity requirements
- Delivery timeline
- Quality standards
- Payment preferences
Terms & Conditions
For Buyers
- Complete & accurate submissions
- Fair evaluation criteria
- Feedback to unsuccessful bidders
For Suppliers
- 30-day quote validity
- Clear pricing stated
- Terms & conditions specified
Platform Terms
- igoal facilitates process
- Direct buyer-supplier agreements
- Platform fees may apply
Contact Information
RFQ Support Team
Email: contact@igoalshoppy.com
Phone: (+974) 7760 0369
Address: Igoalshoppy Trading And Services WLL, Qatar
"Your trusted partner in procurement excellence"