What does "request for quotation" mean?

A business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services.

What is a synonym for "request for quotation"?

Common synonyms include: price request.

noun

noun ·Rare ·Advanced level

Noun

1
A business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services.