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Project Management & Agile · Foundational

Bid Documents

Documents used to solicit information, quotations, or proposals from prospective sellers.

Definition

Request for Information (RFI) gathers information about capabilities; Request for Quotation (RFQ) asks for prices on well-defined items; Request for Proposal (RFP) asks for proposed solutions for complex needs.

Example

An RFQ is issued for 200 identical laptops; an RFP is issued for a custom CRM implementation.

Exam tip

Match: RFI = info, RFQ = price, RFP = solution.

Related terms