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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.
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 purpose of the RFI is to gain "marketing intelligence" about what products, services, and vendors are available. RFIs are used to shape final RFPs, RFQs, and IFBs, so potential vendors take great care in responding to these requests, hoping to shape the eventual formal solicitation toward their products or services.
The product data submittal usually consists of the manufacturer's product information. The information included in this submittal are: Manufacturer, trade name, model or type number and quantities: This information is necessary to compare the submitted item with the specified products and acceptable products listed, in the specification and addenda.
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).
The opening weeks of the NBA season have been besieged by absent stars. This past week’s games turned out to be particularly destructive. First, on Thursday, news broke that Philadelphia 76ers ...
The development of glucagon-like peptide-1 (GLP-1) drugs, such as Wegovy and Zepbound, has ushered in a new era in weight management. While these drugs can lead to significant weight loss ...
Chloe Kitts tied her career high with 21 points to go with 11 rebounds as No. 3 South Carolina held off a late charge by No. 8 Duke for an 81-70 victory Thursday night in the SEC/ACC Challenge ...