Open RFQ (Open Request for Quotation)
A request made available to eligible providers beyond only the companies directly selected by the buyer. Within PortzApp, the term describes part of the platform’s account, directory, request, job or collaboration workflow.
What the term means
- Open means the recipient list is not fixed by the buyer. Providers select themselves.
- Visibility is bounded by coverage. Verified providers covering that market can see it.
- Browsing an open RFQ is invisible to the buyer. Opting in is what makes a provider a visible competitor.
- The buyer receives quotes from companies it never named.
Open RFQ stands for Open Request for Quotation.
A request made available to eligible providers beyond only the companies directly selected 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.
Published to a market, not to a list
In PortzApp an open RFQ is published to a market rather than to named companies. Verified providers covering that market see it and opt in to quote.
FAQ
The most common questions we get about Open RFQ.