The official business definition of Request Quotation is a document that is sent to a vendor or supplier to solicit a quote for goods or services. It is a formal request for information that is used to determine the cost of a product or service before making a purchase. Request Quotations are typically used when a company is considering multiple vendors or suppliers and needs to compare prices and services. They are also used to negotiate better prices and terms with existing vendors or suppliers. Request Quotations are often used in the procurement process and can help a company make an informed decision about which vendor or supplier to use. Request Quotations are an important part of the purchasing process and can help a company save money and ensure that they are getting the best value for their money.
