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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 take next.
Request for information (RFI) Sometimes before a customer issues an RFP or RFQ or IFB, the customer will issue a Request for Information (RFI). The purpose of the RFI is to gain "marketing intelligence" about what products, services, and vendors are available.
The information sought in the request generally pertains to the substantive matter under discussion, and therefore the request is distinct from a parliamentary inquiry, which requests information related to parliamentary procedure. If another member responds to the question, then any time he spends doing so is taken out of his allowed time.
The proposed association usually has a commercial business purpose (for example, for a joint venture or for use in the voluntary sector). [3]Instead of describing in detail the specifications of a product (as a request for quotation does), a RFA focuses on the mutual benefits that both parties would obtain from their alliance: "...engages the potential sponsor in thinking about how your ...
RFI – Request For Information; Ready For Issue – Gear that has been repaired and placed back in supply. RHIP – Rank Has Its Privilege's. RIP – Relief in Place. A common method of handing over an area to an incoming unit during deployment.
Similar requests include a request for quotation (RFQ) and a request for information (RFI), where a customer needs more information from vendors before submitting an RFP. An RFI is typically followed by an RFP or RFQ. [2] When an RFP is made after negotiations with prospective contractors, the submitted tender is known as a BAFO (best and final ...
The RFI may indicate in what format the requester prefers to consume the product. The RFI is reviewed by a Requirements Manager, who will then direct appropriate tasks to respond to the request. This will involve a review of existing material, the tasking of new analytical product or the collection of new information to inform an analysis.
A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.