Sunday, August 21, 2011

RFx

A Request for Proposal (RFP) is an invitation for suppliers and vendors to submit a proposal or bid on a specific commodity or service. A Request for Quotation (RFQ) is used where price is the main or only factor in selecting a successful bidder. A Request for Information (RFI) is an invitation for sellers and providers to determine what products and services are potentially available in the marketplace.
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