Used to obtain price offers for a specified product or service. Buyers using a Request for Price must ensure they properly define the specifications so there is no ambiguity for the supplier. An RFP is often a follow-up to an earlier request for information (RFI). The law may or may not treat a quotation as a binding offer. Sometimes also referred to as a Request for Quote.
Used to obtain price offers for a specified product or service. Buyers using a Request for Price must ensure they properly define the specifications so there is no ambiguity for the supplier. An RFP is often a follow-up to an earlier request for information (RFI). The law may or may not treat a quotation as a binding offer. Sometimes also referred to as a Request for Quote.