RFQ Cover Letter

RFQ Cover Letter

RFQ Cover Letter:

RFQ Cover LetterA RFQ cover letter or request for quote cover letter can take on many appearances. It can be anything from a simple hand written fax cover page to a formal business letter style template.  A RFQ cover letter is also known as an invitation to quote letter and like the RFQ cover letter, it is used to connect the buyer and supplier. It usually requests price and delivery for a product or service requirement. For a sample Request for Qualification cover letter go to bottom of this post.

Your cover letter should include an issue date, buyers complete business address, subject – RFQ for ____, your offer (quote on supplying, etc), an acknowledge by date,  reference to an instructions page, possibly a reference number, may include some background details, where, when and to whom the response must be addressed to and finally, close it with your signature and title.  The following is

Definition of a Request for Proposal

Request for Proposal:

A request for proposal (RFP) is basically a publication of detailed requirements by a prospective buyer in order to solicit vendor quotations. A request for proposal may be issued to select any kind of products (tangibles) and services (non-tangibles). The purpose of the RFP is to provide a fair evaluation for all candidates and to provide the candidates with the evaluation criteria against which they will be judged. The RFP is a tool that helps the buyer select a vendor which best fits the bid requirements.

Thus, the RFP is seen as the bridge between expressed needs and solutions sought.

RFP is also known as: request for proposals, request for bids, request to bid, invitation to bid, ITB, invitation to tender, ITT, invitation to quote, ITQ, invitation for bids, IFB and request for quotation, RFQ.

Quoting Software

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 you are a buyer looking for an easier way to issue a tender then you are in the right spot.

  1. RFQPro Software is web-based technology. It allows users to create RFQ’s on the go which you can access anywhere there is an internet connection. Start the quote at the office, release the bid later from home and award it from your hotel room or wherever you happen to be next.
  2. A sample set of Terms and conditions templates is built into the program. You can customize defaults by editing existing templates or simply cutting and pasting in your your own. Multiple sets of conditions can be archived in order to expedite the process of generating your quote for different commodities or families of goods.
  3. Solicit bids from suppliers. Vendors login, price, add commercial terms and submit their quotation. No more faxes, no more filing. Bid history and success rates encourage your Vendors to be competitive.
  4. Bids are aggregated at time of closing and displayed in a spreadsheet.
  5. One click and our system delivers award and rejection notifications. All parties involved receive formal correspondence from the Buyer. Our automated communication system is unique in the industry and saves both parties time and money. This time saver will encourage buyers to request more quotations which in turn will generate further savings for your organization.
  6. All audit friendly history is retained. Reporting for both the Buyer and Vendor is included.

Our web-based software can be set-up to accommodate a single or multi-user department within your corporation. RFQPro can also provide custom installations. Contact our help desk for further details and or a quotation.