The [[http://wiki.openpro.com/doku.php?id=products:distribution:purchasing:po-app-guide|Request for Bid]] is used to initiate the request for quotation process. When a company wants to compare various quotes from different vendors, it is imperative to initiate a request for bid which covers both the technical compliance to item specifications and a financial quote. A weighting formula is used to evaluate the bidders and the most responsive bidder is considered for supply for items. 

You can search for an existing Request for Quotation (RFQ) or create a new request on this screen. To search for an RFQ, specify the Creation Date, Response Date, Decision Date, Vendor Type  and RFQ number details then click **GO**

{{:programs:po_requestforbid01.png?nolink|}}

To create a new RFQ, click on **Add Request** link and populate all quotation details as per below fields

{{:programs:po_requestforbid_new01.png?nolink|}}

Vendor Type: These are the different vendor categories as defined by the company
 	
Contact Email: This is the email vendors can contact the company through

Create Date: This is the date when the RFQ was created
	
Contact Address: This is the company street and postal address
 	
Request Sent Date: This is the date when request for Quotations was sent to vendors

Respond Date: This is the date when vendors are expected to send back their responses

Decision Date: This is the date the company evaluates the RFQs

Status: Describes whether this is a new RFQ or it has already been sent to vendors

Created by: The person who created the RFQ
	
Notes: Any additional and optional information