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RFP (Request for Proposals), RFO (Request for Offers), RFI (Request for Information)

November 21, 2013  |   Posted by :   |     |   Comments Off on RFP (Request for Proposals), RFO (Request for Offers), RFI (Request for Information)»

 

Definition: An invitation for vendors to submit a proposal on a specific commodity or service.

What This Means: These public processes not only ensure the agency receives competing proposals from which to choose, but also imposes upon the agency the requirement to describe their requirements to a level of detail that potential bidders can understand them.

 

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