What Is RFP Procurement?
RFP procurement is the process of issuing a request for proposal (RFP) to obtain bids for the procurement of goods or services. The process of RFP procurement is widely used internationally as the appropriate vehicle for specific types of procurement or purchasing activity. Although the values vary by firm, purchases or contracts over a specific dollar value are managed through an RFP. Depending on the industry, RFP procurement is also used for: high profile projects, large dollar value projects, contracts for a basket of goods or services, and for projects where there may be a conflict of interest.
Related Questions
- Checking vendor references is a recommended part of a vendor evaluation process in procurement (RFP). Is there a way to quantify reference check results in the final vendor evaluation?
- AFTER DELEGATION, DOES DGS BUREAU OF PROCUREMENT NEED TO SEE A DRAFT COPY OF THE RFP THAT AN AGENCY WANTS TO ISSUE?
- What is Title 18?
