Request for Qualifications

A request for qualifications (abbreviated as RFQ - not to be confused with a request for quotation) is a solicitation method used to populate a pre-qualification list. A set of defined criteria is used to evaluate and qualify or disqualify each supplier response received. The scorcing criteria information is included in the submitted RFQ document upon sending it to the supplier(s). The list of pre-qualified vendors can then be used for subsequent solicitation processes, or for placing transactions during a timeframe requiring frequent ordering from one or more of the qualified suppliers on the list.