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2. Bid and proposal - Wikipedia

   en.wikipedia.org/wiki/Bid_and_proposal

   The development of a bid and proposal takes place early in the procurement process, and the resulting proposal will be subject to review by the purchaser and negotiation between the two parties. Developing a bid and proposal takes place before a contract vehicle is in place, meaning that firms undertake the costly tasks of proposal-writing and ...

3. Request for proposal - Wikipedia

   en.wikipedia.org/wiki/Request_for_proposal

   An RFI, however, is not an invitation to bid, is not binding on either the buyer or sellers, and may or may not lead to an RFP or RFQ. A request for quotation (RFQ) is used when discussions with bidders are not required (mainly when the specifications of a product or service are already known) and when price is the main or only factor in ...

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5. Request for quotation - Wikipedia

   en.wikipedia.org/wiki/Request_for_quotation

   The bid does not have to mean the end of the bidding; multiple rounds can follow. [ citation needed ] After the RfQ process, professional procurement organizations have to compare the quotations, and try to get the best price for the job (by negotiations, or by conducting an e-auction (a reverse auction or a ticker auction).

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7. Construction estimating software - Wikipedia

   en.wikipedia.org/wiki/Construction_estimating...

   To prepare the bid, first a cost estimate is prepared to determine the costs and then establish the price(s). This involves reviewing the project's plans and specifications to produce a take-off or quantity survey , which is a listing of all the materials and items of work required for a construction project by the construction documents.