- RFQ is asking you how much you will charge to perform a task
- RFP is asking you to specify how you would solve the problem and how much you
would charge for implementing the solution
difference between eoi and rfq
A Request for Quote or Quotation (RFQ) is usually used when the Owner knows exactly the type, model and quantity of goods it wishes to buy, while Request for Proposal (RFP)'s ask bidders to provide a solution to a problem that could be solved in different ways. An example of when to use a Request for Quote (RFQ) is if you are buying 100 each Toshiba Laptop Computers c/w 2 GB ram, 100 GB HD, DVD Burner, with Windows 7. You know your requirement and have a specification to issue with the request. When to use an RFP, would be if you were unsure on whether to purchase, lease, rent the same 100 computers with software and hardware requirements that may differ from PC to PC. This gives the bidders an opportunity to offer a solution to your requirement. With the above in mind, it should be noted that evaluating a RFQ is usually easier than trying to determine an award from the results of an RFP. Visit RFQPro.com for your free template pack.
Request For Proposal (RFP) is a written list of features and specifications given to prospective vendors before a specific product or package has been selected, whereas Request For Quotation (RFQ) is used to obtain a price quotation or bid on a specific product of package.
RFQ means Request For Quotation.
A request for proposal is made by a company interested in procurement of a commodity, service of asset. A request for application is to outline services available and how applications are submitted.
RFP is not an idiom. It's an abbreviation.
Request for Quotation
Request For Quotation.
There are a number of RFP's that have been released and some have even been returned.
The acronym RFQ is used in a variety of contexts. For example, "sh*t just got real RFQ" standing for "Real F*cking Quick". Another definition is "rancid f*cking quack" which means a smelly hobo who is mildly to extremely insane.
if you mean Request for Quotation for RFQ, L.S. (lectori salutem - Latin): To whom it may concern (on letter) cheers, sunny
Request For Proposal.