There are many different ways for a supplier to answer a Request for Quote. The lowest price may not always be the most complete analysis of the overall process. A higher than expected price however, may actually be the most comprehensive and accurate quote for a full range of services. It may also be the one that best fits your long-term needs.
After confirming that a non-disclosure agreement is in place, the typical RFQ always includes the product part number(s), annual usage estimates, CAD drawing & material/part/packaging specs, whether the product requires a clean room, and whether the project just involves medical injection molding or if it also includes assembly, decorating and/or specialty packaging prior to final boxing.
So after firming up your project requirements, you offer RFQ’s to some of your manufacturing partners as well as some other prospective associates. Before long, the quotes arrive and they are analyzed for compliance with your original terms.