Which of the following documents is described in the statement below? "It is a type of procurement document used to request proposals from prospective sellers of products or services."
A Request for Proposal (RFP) is a type of procurement document used by organizations to solicit proposals from potential vendors or service providers. It outlines the project requirements, scope, and evaluation criteria, allowing vendors to submit detailed proposals on how they would meet the organization’s needs, including cost estimates, timelines, and technical solutions.
A request for proposal (RFP), request for quote (RFQ), and request for information (RFI) are three distinct types of documents that businesses and other entities use to reach out to the business community for suppliers or contractors that they may be able to work with.
when a company or other organization sends out an RFQ it knows exactly what it needs and is seeking the best supplier or suppliers.
An RFP is a more open-ended process. The business or organization is seeking qualified contractors to carry out a new project. The project and its goals are defined in some detail but there is room for creativity in the responses.
In the next question 204 the procurement document is called "invitation for bid"
upvoted 1 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Nobita135
2 weeks, 3 days ago83e7526
3 months agoHeenaJain
4 months, 3 weeks agoNorieRose
4 months, 3 weeks agobim_269
1 year, 6 months agoMmotun
1 year, 8 months agoNuriaIzard
1 year, 9 months ago