What is an RFQ?
In this podcast episode, the discussion focuses on the term "RFQ" (Request for Quotation) within the context of government contracts.
Nicholas provides a detailed explanation. An RFQ is a formal request issued by government entities to solicit pricing information for specific goods or services. Businesses respond with quotations outlining their prices.
The government then reviews these quotes to select a vendor based on criteria such as price and capability. This process ensures transparency and competitiveness in government procurement, facilitating effective communication between agencies and potential suppliers.
Disclaimer: Joshua Wilson is a registered investment banking representative and a licensed real estate broker. The content of this podcast is for informational purposes only and should not be considered legal, financial, or compliance advice. This podcast is not a substitute for professional advice. All views and opinions expressed by the host and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, organization, or employer. Listeners are encouraged to consult their own compliance teams, legal counsel, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.
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Nicholas Coriano
Partner at Cervitude IR
Nicholas Coriano, JD, is a business consultant, entrepreneur, and professional investor relations professional. He is the CEO of Cervitude Intelligent Relations (Cervitude IR), a consulting and contracting firm specializing in investor relations, government contracting, business planning and M&A advisory. With extensive experience in IR & business development, he has written thousands of RFPs, business plans, financial projections, and feasibility studies for startups, public companies, and entrepreneurs across various industries.