What are the differences between an RFP vs RFQ vs RFI? While they may seem similar, a request for proposal (RFP), a request for quotation (RFQ) and a request for information (RFI) all have different definitions and serve different purposes within the procurement process.
The difference between the RFP, RFQ and RFI is what information they provide:
- An RFP compares — RFP responses evaluate the merits of each vendor compared to others
- An RFQ quantifies — RFQ responses provide the cost of meeting a specific need
- An RFI educates — RFI responses explore how a vendor might solve a problem or fill a need
Bid for 4700 SB Garbage Truck-01052021 (Deadline: Feb 5, 2021)
