Requests for proposal, requests for quote and requests for information are three types of bid requests employed by purchasing side organizations when soliciting bids for significant business-to-business purchases of goods or services. RFPs are used to determine the feasibility of each potential supplier's bid. RFQs are used to compare costs between competing vendors. RFIs are used to learn about each supplier's capabilities.Continue Reading
An organization may use one, two or all three of these requests when sourcing a project. For example, if a government agency is buying 500 computers that all have the same operating system, it is likely to use an RFQ alone. Because the needed computers are a standardized product that many technology companies can deliver, RFIs and RFPs aren't needed. The buyer can assume that all the bidders are capable of providing the computers.
An RFP is likely to be used when there are multiple methods by which a project can be completed. An RFP is designed for the bidder to propose a specific solution. For example, a construction company bidding on a highway project presents the reasons that its approach is more efficient in an RFP.
RFIs are used by purchasing companies or organizations to learn about the capabilities of the bidders. For example, questions about the bidder's size and capacity are answered in an RFI to qualify the bidder as capable of completing a project.Learn more about Business Resources
A proposal for services should include information on how the client’s needs is addressed, an overview of how other clients with similar needs have been helped, a link to previous work, reasons the client should choose this proposal, and a quote with pricing information and payment processing. The proposal should give the client an overview of the provided services without going into the details of the plan, according to Maven Communications, LLC.Full Answer >
Purchase order forms contain valuable information regarding a buyer-seller agreement of goods or services, and must be filled out in full to specify terms of the contract as well as to provide payment and shipping information. Once signed, both the buyer and the seller must comply with the terms of agreement.Full Answer >
Electronic commerce, or e-commerce, is a subset section of e-business, which is the exchange of goods and services via computer networks such as the Internet. It also refers to any business transaction where parties do not make direct physical exchanges but interact electronically.Full Answer >
Some different types of information technology services include network security, network administration, data management and recovery, end-user console management and email administration. Many IT companies and departments also offer specialized support services for specific devices, operating systems or internal programs, which may include training and maintenance.Full Answer >