A ________ is an invitation to software companies to submit a formal bid, including a detailed description of their products, services, and costs.
A)request for proposal
B)request for application
C)request for quotation
D)request for tender

Question

Quizplus · Accepted Answer

A request for proposal (RFP) is a formal document that invites software companies to submit a proposal that outlines their products, services, and costs in response to the organization's needs. The RFP is used to evaluate and compare potential vendors and select the best one for the project. Request for application (B) is not a commonly used term in procurement processes. Request for quotation (C) is a document used to obtain detailed price quotes from vendors, typically for goods or services that are well-defined and have standard specifications. Request for tender (D) is similar to an RFP, but is typically used in public procurement processes to invite bids from potential suppliers for large-scale projects such as construction or infrastructure development.

A ________ Is an Invitation to Software Companies to Submit