Request for Quote
Request for Quote (RFQ) definition for construction. Learn why RFQs focus purely on price for well-defined materials or simple services.
Calculation Formula
Comparison = (Vendor A Price vs Vendor B Price) for the same SOW Real Contractor Example
A contractor sends an RFQ to three lumber yards for exactly 500 studs. The only deciding factor is the lowest delivered price.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.