SQ

A Sealed Quote is a pricing submission provided in response to a Request for Quotation where quotes are submitted in sealed form and opened at a designated time. Sealed quoting procedures ensure fair competition by preventing premature disclosure of competitor pricing.

Sealed quote procedures are less formal than sealed bidding but still maintain competitive integrity through simultaneous opening. They are common for simplified acquisitions and commercial item purchases where price is the primary evaluation factor. Contractors must ensure timely submission before the designated opening time, as late quotes typically cannot be considered.