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Scope package

Red lines, exclusions, change-order zones

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The buyer's playbook

Free guides for running a vendor evaluation that protects the deal.

1Before you sign the SOW
2Reading the change-order trap
3What 'best practice' really costs

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Glossary

Definition

RFQ (Request for Quote)

An RFQ is a procurement document that asks vendors for firm pricing on a clearly defined set of goods or services, used when requirements are already fixed.

An RFQ works only when scope is unambiguous - otherwise the quotes aren't comparable and the gaps become change orders later. Lock the specification first, then ask for price.

Go deeperHow to write a software RFP that gets comparable bids

Related terms

Sole-source procurementBuild vs buyData processing agreement (DPA)Auto-renewal (evergreen clause)
← PreviousRFI (Request for Information)Next →Sole-source procurement
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