TenderWatch BD guide
Difference Between RFQ and Tender
RFQ and tender notices both invite suppliers to submit offers, but they are usually used for different procurement sizes, risk levels, and evaluation processes.
What is an RFQ?
An RFQ, or request for quotation, is commonly used when the buyer already knows the product or service requirement and wants price and delivery information from suppliers.
RFQs are often shorter than formal tenders, but suppliers still need to check specifications, delivery terms, taxes, validity, and payment conditions.
What is a tender?
A tender is usually a more formal procurement process with eligibility criteria, technical requirements, financial submission rules, and evaluation steps.
Government e-GP tenders often include structured forms, securities, BOQ, qualification criteria, and strict deadlines.
How suppliers should respond
For RFQ notices, respond quickly with clear pricing and delivery commitments. For tenders, build a full compliance checklist and review every mandatory condition.
TenderWatch BD includes both public and private tender sections so users can monitor RFQ, auction, private tender, and e-GP opportunities together.