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Request for information. A request for information ( RFI) is a common business process whose purpose is to collect written information about the capabilities of various suppliers. [1] Normally it follows a format that can be used for comparative purposes. An RFI is primarily used to gather information to help make a decision on what steps to ...
A request for information (RFI) is a proposal requested from a potential seller or a service provider to determine what products and services are potentially available in the marketplace to meet a buyer's needs and to know the capability of a seller in terms of offerings and strengths of the seller. RFIs are commonly used on major procurements ...
Proposal (business) A business proposal is a written offer from a seller to a prospective sponsor. Business proposals are often a key step in the complex sales process—i.e., whenever a buyer considers more than price in a purchase. [1] When one person signifies to another their willingness to do or to abstain from doing anything with a view ...
RFI – Request for information; RFP – Request for Proposal; RFQ – Request for Quotation; RFX – Generic name for a Request for Information, Proposal or Quotation; RMD – Required Minimum Distribution; R/O – Rollover; ROA – Return on assets; ROB – Return on brand; ROC – Registration Of Company; ROCE – Return on Capital Employed ...
Invitation to tender. An invitation to tender ( ITT, otherwise known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who ...
The XM17 Modular Handgun System (MHS) competition was a United States Army and United States Air Force competition for a new service pistol. The Modular Handgun System was solicited by a Request for Proposals in September 2015 [1] and is anticipated to be the next U.S. military standard side arm replacing the Beretta M9 and the SIG Sauer M11.
A request for solution (RFS, also known as request for proposed solution) [1] is a commercial document that describes a technological or organizational situation and demands a solution (for example, a new arrangement of information technology, IT) to possible suppliers of this solution. This document is normally issued by the organization which ...
ERFx. In procurement technology, ERFx (or eRFx) is an acronym for electronic request for [x], where x can be Proposal (RFP), Quotation (RFQ), Information (RFI) or Tender (RFT). Other pseudonymous acronyms include ITT (Invitation to Tender) and PQQ (Pre Qualification Questionnaire). All relate to a similar activity: a buyer requesting ...