PortzApp Platform
Targeted RFQ (Targeted Request for Quotation)
A request sent specifically to one or more providers chosen by the buyer. Within PortzApp, the term describes part of the platform’s account, directory, request, job or collaboration workflow.
What targeted means
- Targeted means the buyer picks the recipients. The list is fixed when the request goes out.
- The field is only as wide as the buyer makes it, so it depends on who the buyer already knows or can find in the Directory.
- A request can be targeted and open at the same time, when the buyer also shares it with the wider market.
Targeted RFQ stands for Targeted Request for Quotation.
A request sent specifically to one or more providers chosen by the buyer.
Within PortzApp, the term describes part of the platform’s account, directory, request, job or collaboration workflow. The exact meaning may vary with the contract, jurisdiction, port practice or workflow in which it is used.
Targeted RFQ compared with open RFQ
Targeted RFQ
Open RFQ
The buyer names the recipients.
The buyer publishes to a market and names no one.
Recipients are known before the request goes out.
Recipients become known as providers opt in.
Reaches companies the buyer already works with or has found in the Directory.
Reaches verified providers covering that market, including ones the buyer has never dealt with.
Suits a buyer who knows who should quote.
Suits a buyer widening the field, or with no contact in that port.
Arrives in each recipient’s request inbox.
Sits in the marketplace until a provider opts in.
FAQ
FAQ
The most common questions we get about Targeted RFQ.
What does Targeted RFQ mean?
A request sent specifically to one or more providers chosen by the buyer.
What does Targeted RFQ stand for?
Targeted RFQ stands for Targeted Request for Quotation.
Is a targeted RFQ the same as a direct request?
Yes. Targeted describes the buyer naming the recipients. Direct request is what the same request is called when it reaches the provider.