Archive Category: Quotes General

Payment Terms Defined

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Payment terms are an area in the RFQ process which is often overlooked or forgotten. Some commonly used payment terms would be Net 30 days, 2%/10 Net 30 days and […]

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Definition of Vendor

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What comes to mind when you think of a Vendor . . . a coin operated snack dispenser, a sidewalk food service, or perhaps someone selling flowers or hand made […]

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Purchasing Glossary or Buzzwords

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RFQ – RFP Glossary Buzzwords Ever wonder what some of the terms used by Materials Managers and Purchasing Agents mean? Terms like RFQ, FOB, DNR , or a RFP, Vendor, […]

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When to use a RFP versus a RFQ

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Using an RFP versus a RFQ: This is a good question and one we hear often. We will try our best to provide a simple answer to help you make […]

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Letter of Intent-LOI or Letter of Understanding-LOU: For larger contracts or big dollar supply agreements, some corporations prefer to start a relationship by issuing a letter of intent (LOI) to […]

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Bid Software

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This test post was generated to report on our Request for Quote Software which has officially launched and can be found at our new site. Our on-line RFQ Software expedites […]

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Quoting Software

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Quoting Software: Our RFQ software or quoting software has been released. Visit RFQPro  Software. We do understand that you might be looking for other forms of quote software, however if […]

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