We have been asked many times what’s the difference between and RFP (Request for proposal) and a request for quotation (RFQ). Many write on this topic and we invite you to use the most appropriate form that suits you. We apply the following definitions and please note they are general. RFQ is usually put into action at times of procurement of products. RFP is a different scenario because RFPs are used in buying services.
The RFP process plays a pivotal role in kick-starting an outsourcing relationship with your potential vendor. An RFQ can effective tool in reducing a shortlist of providers down to the one that "fits" your needs the best
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