What does an RFQ primarily evaluate?

The primary focus of a Request for Quotation (RFQ) is to evaluate the qualifications of vendors to fulfill agency needs. An RFQ is typically issued when an organization requires specific goods or services and seeks to understand which vendors can meet its requirements effectively. This evaluation includes assessing vendors’ capabilities, experience, compliance with regulations, and overall competency to deliver the requested products or services.

When an RFQ is processed, it's not merely about gathering price quotes but understanding which vendors have the necessary expertise and resources to perform the tasks at hand. Thus, while cost, delivery time, and innovative features may be factors of consideration, the core purpose of an RFQ is to ascertain that the vendors can meet the organization’s specified needs properly. This ensures the agency not only receives competitive pricing but also quality service and products that meet its standards and requirements.