What is an "RFQ" in the bidding process?

An "RFQ," or Request for Qualifications, is a crucial document used in the bidding process that solicits qualifications from contractors for a specific project. This process is designed to identify and shortlist contractors or firms that have the necessary experience, capabilities, and expertise to undertake the project successfully.

When an organization or project owner issues an RFQ, they are essentially asking potential bidders to provide details about their previous work, professional qualifications, relevant certifications, and any other information that demonstrates their competency. The information collected through the RFQ helps project owners make informed decisions about which contractors are most suitable to proceed to the next stages of the bidding process, like submitting detailed proposals or cost bids.

This approach allows owners to focus not just on price but also on value, ensuring that they select a contractor that can deliver quality work that meets the project’s requirements.