“Requesting a quote” is the first step in the procurement process. It involves asking potential vendors to provide project estimates and other information regarding cost, availability, and terms. This gives buyers an overview of what to expect when considering a purchase, allowing them to make an informed decision based on a number of factors. At its core, requesting a quote helps organizations save money by finding the best value for their money. It also increases transparency around pricing and can reduce long-term costs associated with project completion. Ultimately, requesting a quote is essential to successful procurement decisions and should always be undertaken with great care.