The formal invitation to submit a price for specified goods/services is usually referred to as?

Question

A. request for proposal

B. request for quotation

C. tender invitation

D. bid invitation

E. request for proposal and request for quotation

PMI PMI-: Practice Exam

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Keith Gregory Wright · Answer

Where a Standing Offer (SO) is in place it is a RFQ request for quotation based on rates previously agreed in the SO.

Where there is no SO then it is referred to as a RFT request for tender.

OMBUSE WYCLIFFE · Answer

read of a proposal first to the customer,then a quotatiosn is given