L4M3 Flashcards
1
Q
RFQ’s versus ITT.
A
RFQ (Request for Quotation) and tenders are both procurement processes used by organisations to invite suppliers
or service providers to submit proposals for the provision of goods, services, or works.
An Invitation to Tender (ITT) or Request for Proposal (RFP), is a formal document issued by a buyer to obtain detailed proposals from potential suppliers or contractors for the provision of goods, services, or works.
2
Q
Typical steps of an ITT
A
Preparation of Detailed Specification
