What does a Request for Quotation (RFQ) represent?

Show Answers

A document that evaluates business and technical needs of a commercial software package against the features and functions of a particular commercial software solution.A document sent to multiple vendors outlining business, technical, and support needs for an application software package to encourage competitive bids.A document detailing business, technical, and support requirements for an application software package sent to a single vendor selected as capable of providing the software and related services.An agreement between management and users to create or improve an information system.A formal proposal requesting vendors to submit their qualifications for software development projects.

Explanation

Option C is correct because an RFQ is a document that specifies business, technical, and support requirements sent to one vendor identified as capable of supplying the requested software and services. Option A describes a comparison document, B refers to a request sent to multiple vendors, and D is about a development contract, which are different from an RFQ.