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REQUEST FOR QUOTE # 21228 RFQ #21228 Quotation Due By: Bid Due Time:VENDOR INFO:01/20/2017 10:00:00 AM VENDOR #:NAME: CONTACT: ADDRESS 1: ADDRESS 2: CITY:STATE:EMAIL: PHONE: NOTE:FAX:ZIP:99999.00REPLY

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How to fill out rfq vs rfp

01

RFQ (Request for Quote):

02

- Clearly define your requirements and specifications in the RFQ document.

03

- Send the RFQ document to multiple suppliers or vendors for them to provide a quote.

04

- Evaluate the quotes received based on price, quality, delivery time, etc.

05

- Select the supplier with the most favorable quote.

06

RFP (Request for Proposal):

07

- Clearly outline the project scope and objectives in the RFP document.

08

- Invite potential vendors or suppliers to submit proposals detailing how they will meet the project requirements.

09

- Evaluate the proposals based on factors such as experience, proposed solution, cost, etc.

10

- Select the vendor with the most comprehensive and suitable proposal.

Who needs rfq vs rfp?

01

RFQ (Request for Quote) is typically used by organizations looking to compare prices and services from multiple suppliers before making a purchasing decision.

02

RFP (Request for Proposal) is commonly used by organizations soliciting bids for projects that require a more detailed proposal and solution from vendors or suppliers.

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What is rfq vs rfp?

RFQ stands for Request for Quotation, while RFP stands for Request for Proposal. RFQ is used when a company wants to compare bids from different vendors for products or services, while RFP is used when a company wants to solicit proposals from vendors to meet specific needs.

Who is required to file rfq vs rfp?

Both RFQ and RFP can be filed by companies or organizations looking to procure products or services from vendors.

How to fill out rfq vs rfp?

To fill out an RFQ, a company would provide a list of required products or services and request vendors to provide pricing. To fill out an RFP, a company would provide a detailed description of their needs and ask vendors to submit proposals detailing how they would meet those needs.

What is the purpose of rfq vs rfp?

The purpose of RFQ and RFP is to help companies or organizations make informed decisions when selecting vendors for products or services. RFQ helps in comparing bids and prices, while RFP helps in evaluating vendors' proposed solutions.

What information must be reported on rfq vs rfp?

RFQ typically requires information on pricing, terms and conditions, and delivery schedule, while RFP requires detailed proposals, including technical approach, project plan, and pricing.

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