Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know
The Procurement ClassRoom
NOVEMBER 16, 2024
Throughout the evolution of project and public procurement management, terms and expressions in the field have increasingly been used interchangeably. 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.
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