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
The buyer names the recipients.
Open RFQ
The buyer publishes to a market and names no one.
Targeted RFQ
Recipients are known before the request goes out.
Open RFQ
Recipients become known as providers opt in.
Targeted RFQ
Reaches companies the buyer already works with or has found in the Directory.
Open RFQ
Reaches verified providers covering that market, including ones the buyer has never dealt with.
Targeted RFQ
Suits a buyer who knows who should quote.
Open RFQ
Suits a buyer widening the field, or with no contact in that port.
Targeted RFQ
Arrives in each recipient’s request inbox.
Open RFQ
Sits in the marketplace until a provider opts in.
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