Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know
The Procurement ClassRoom
NOVEMBER 16, 2024
Yet, these terms—such as Request for Quotations (RFQ), Request for Proposals (RFP), Request for Expressions of Interest (REOI), and Invitation for Bids (IFB)—are technically indicative of distinct concepts. These methods may include Shopping , Limited Competitive Bidding , Force Account , or Direct Contracting.
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