GovQuote is a web-based marketplace where agencies and companies meet to request and respond to requests for quotes on products and services.
Agencies can view multiple responses from different companies who bid on products and services. These responses are displayed in chat windows and are sent via email.
When an agency has decided on a company at the desired price, they select that company to complete the transaction. All companies are notified of the resulting selection and the “winning” company can then be contacted to complete the transaction.
This marketplace allows companies to compete to win agency business and allows agencies to quickly and easily find the exact product or service they need with minimal fuss.