When several different vendors and/or products are candidates and you want to solicit competitive proposals and quotes, what would you use? A) Request for proposal (RFP) B) Request for quotation (RFQ) C) Request for specification (RFS) D) Request for design (RFD) E) None of these

Question

Business

Karley Salas

7 August, 01:29

When several different vendors and/or products are candidates and you want to solicit competitive proposals and quotes, what would you use? A) Request for proposal (RFP) B) Request for quotation (RFQ) C) Request for specification (RFS) D) Request for design (RFD) E) None of these

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Answers (1)

Know the Answer?

Mathew Young · Answer 1

A) Request for proposal (RFP)

Explanation:

Request for proposal is a document generated by a company which is basically describing its need and criteria for fulfilling the requirement by the company. In this the company demands proposals for the eligible vendors fulfilling the criteria and requirement as mentioned in the request for proposal.

When there are competitive proposals then company can prepare this and ask the vendors eligible to put there conditions and letters so that the most favorable ones can be asked to put the quotations.