What is a Request for Tender (RFT)?

What is a Request for Tender (RFT)?

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. 

What is a Request for Quotation (RFQ)?

What is a Request for Quotation (RFQ)?

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.  

What is an Invitation To Tender? 

What is an Invitation To Tender, ITT?

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?

RFP vs RFI: What’s the Difference?

RFP vs RFI - what's the difference?

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.