Purchasing/Stores Glossary of Terms

Glossary Terms Beginning with "Q"

q
Used to indicate the quoted price of an item. See University of Washington Policies & Procedures, Purchasing Department, Procedure 7.3.4.

Qualified Products List
A specification which is developed by evaluating various brands and models of an item and listing those that are determined to be acceptable as the only ones for which bids may be submitted; an approved brands list.

Quantity Discount
An allowance determined by the quantity or value of a purchase. See Discount.

Quotation
A statement of price, terms of sale, and description of goods or services offered by a vendor to a perspective purchaser; See Request for Quotation.