Request for Tender, or RFT for short, is one of the many you might come across when monitoring the public procurement market. So what is an RFT? How does it differ from RFPs and ITTs? That’s what we cover in this article.
The typical tender process can quickly become familiar to those who work on creating proposals. However, there are distinct variations, and in this article, we present twelve types you may come across.
Request For Quotation, or RFQ for short, is one of the many procurement terms. But what does it mean, and how does it relate to other procurement terms? In this article we’ll get to the bottom of what an RFQ actually is.
The world of procurement is brimming with terms and abbreviations. Among them, ‘Invitation To Tender’ is a common phrase, most often abbreviated as ITT. It can also be known as ‘Invitation To Bid’ (ITB) and ‘Invitation For Bid’ (IFB).
But what do these terms mean exactly?
While the tender process might at first glance look complex, its rigidity also means it is rather predictable. In this article, we guide you through the most common steps of the tender process.
The world of public procurement uses a wide range of different acronyms. Two of the most common acronyms are RFP (Request for Proposal) and RFI (Request for Information), and in this post, we describe the differences between them.