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What is the major difference between RFP, RFI and RFQ?

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تم إضافة السؤال من قبل Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed
تاريخ النشر: 2015/01/26
Nasir Hussain
من قبل Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

These are the request frequently used by procurement people:

 

RFP – Request for Proposal It is a business requirement based request for specific solution to the sourcing problem.

 

RFI – Request for Information Is an open inquiry that spans the market seeking broad data and understanding.

 

RFQ – Request for Quotation is an opportunity for potential suppliers to competitively cost the final chosen solution.

 

Vinod Jetley
من قبل Vinod Jetley , Assistant General Manager , State Bank of India

A Request for Information (RFI) is used when you think you know what you want but need more information from the vendors. It will typically be followed by an RFQ or RFP.

ARequest for Quote (RFQ) is commonly used when you know what you want but need information on how vendors would meet your requirements and/or how much it will cost.   

ARequest for Proposal (RFP) is used when you know you have a problem but don’t know how you want to solve it. This is the most formal of the “Request for” processes and has strict procurement rules for content, timeline and vendor responses.

 

Emad Mohammed said abdalla
من قبل Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

I fully agree with MR vinod jetley. 

thanks.

Kyle Steven Fontanilla
من قبل Kyle Steven Fontanilla , Project Engineer / Maintenance Engineer , SULTAN KHALIFA AL HABTOOR REAL ESTATE EST.

RFP (Request for Purchase)  - You will request for the things to buy. 

RFQ (Request for Quotation) - You will request for the price/cost of the things including the discounts and taxes. 

RFI - Request for Information - You will request for a thing/subject you don't understand or needs to be more detailed. 

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

I agree with Mr. Jetley and Mr. Hussain.

Muhammad Masud Asghar Asghar
من قبل Muhammad Masud Asghar Asghar , Quantity Surveyor / Estimation Engineer , Redco International

Request for information (RFI) is a standard business process whose purpose is to collect written information about the capabilities of various suppliers. Normally it follows a format that can be used for comparative purposes

Request for proposal (RFP) is a document that an organization posts to elicit bids from potential vendors for a product or service.

Request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ. An RFQ typically involves more than the price per item.

Santosh Kumar Jangid Santosh
من قبل Santosh Kumar Jangid Santosh , Area Sales Manager , SP Techno Solution Pvt Ltd

Very well answered by all…I think no space for additional info.

 

Junvon Froilan
من قبل Junvon Froilan , Civil Engineer , Gov. Celestino Gallares Memorial Hospital

RFI =  request for information ---> ask for more detailed description or descripancies of an item or element

RFP= request for procurement ---> request for things purchase or buy

RFQ= request for quotation--->request for price or cost of an item or elements

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