In the case of vendors, instead of issuing a request for proposal RFP) for a list of commodities, the project team issues a request for quote RFQ).

Name: In the case of vendors, instead of issuing a request for proposal RFP) for a list of commodities, the project team issues a request for quote RFQ).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A Request for Proposal (RFP) is used when seeking solutions or services, while a Request for Quote (RFQ) is used for obtaining price quotes for specific commodities or products.

In the Case of Vendors, Instead of Issuing a Request