help in understanding tender terminology
Tender Terminology
Abbreviations include:
Formal opportunities come with all sorts of labels. The following are parts of the tender process. These can be broken down into those where you are invited to pitch for contracts, and those where, at this stage, they just want information from you:
- ITT : Invitation to Tender
- PQQ : Pre Qualification Questionnaire
- RFI : Request for Information
- RFP : Request for Proposal
- RFQ : Request for Quotation
- EOI : Expression of Interest
Other tender abbreviations
- CSR : Corporate Social Responsibility
- SLA : Service Level Agreement
- KPI : Key Performance Indicator
- MEAT : Most Economically Advantageous Tender
- CPV Codes : Common Procurement Vocabulary
- TUPE : Transfer of Undertakings (Protection of Employment)