Find Tenders For Your Business

An RFQ generally requests prices or quotations for a defined requirement, while an RFP commonly requests a proposal addressing a broader need or solution. A tender or bid may involve either goods, services, construction or a combination of requirements, depending on the procurement process. Terminology is not always used consistently across institutions. Read the actual notice and bid documents to establish the required response, evaluation criteria, eligibility conditions, contract duration and submission method. Do not assume that every RFQ is simple or that every RFP requires the same format.

Action Tip: Before preparing your response, identify the required deliverables, evaluation method and mandatory returnable documents.