RFP vs RFQ

Both 'RFP' and 'RFQ' are correct acronyms used in business contexts, but they have different meanings. 'RFP' stands for 'Request for Proposal,' which is a document used to solicit proposals from potential suppliers. On the other hand, 'RFQ' stands for 'Request for Quotation,' which is a document used to solicit price quotes from potential suppliers. Therefore, the choice between 'RFP' and 'RFQ' depends on whether you are requesting proposals or quotations.

Last updated: April 01, 2024 • 772 views

RFP

This is a correct acronym standing for 'Request for Proposal' commonly used in business contexts.

Use 'RFP' when you are requesting proposals from potential suppliers for a project or service.

Show examples from the web [+]

Lane here got Lord Jaguar to unravel the mysteries of the RFP.
Each FP-only "CE" (Rfp);
Calculate both Rxp, Rfp
At least some of these stem cell lines are available to researchers under the Sixth European RFP.
Following an eight-month RFP process, CWT was awarded the contract.
After an international RFP and extensive benchmark tests, KEBA was chosen as the best supplier.
I've got my RFP responses here, but I need my PowerPoint overnighted.
Every Request For Proposal (RFP) is considered with the utmost care by our global response team.
You can take such a loan provided that an RFP approves such a contract.
In addition, efforts towards closer links with the RFP should be made.
We partner with all worldwide Consortia and Corporate programs, as well as related RFP tools such as Lanyon.
What services can I request through the RFP?
Subject: 7th RFP and Guidance Notes for Beneficiaries and Auditors
I have an RFP we recovered from the trash of a government contractor, signed by Meera Malik.
The decline of traditional manufacturing and heavy industries is recognized by the European Institution on several communications, including the proposal for the 7th RFP.
Hershey's Chocolate sent an RFP out to the top 30 agencies and all anyone seems to care about is that we're in the top 30.
But for example, a number of PPC VAZ RFP
If you change your mind, and no longer want to package this, either close the bug or retitle and reclassify it as RFP, as you see fit.
RFP - Contact form for Hosting Events at Hotel 1898
Subject: Regulation (EC) No 1906/2006 (7th RFP)

RFQ

This is a correct acronym standing for 'Request for Quotation' commonly used in business contexts.

Use 'RFQ' when you are requesting price quotes from potential suppliers for a project or service.

Show examples from the web [+]

It depends on the type of RFQ, it takes us 2 or 3 days for standard products, about 2 weeks if technical specifications are set...
Enhance process standardization and efficiency of the RFQ process
Instantly make a Request For Quotation (RFQ) for spare parts;
Project Awarded solutions provide a global, integrated platform to assess and secure optimal business opportunities, from RFQ assessment, to optimal proposal development, to successful packaging and submission.
Issue of RFQ to potential subcontractors
The high efficiency pumps, in accordance with EUP IE3 requirements, are also available in the price list for all the sizes of the/CA units and RFQ for the/SL ones.
Organizations can reduce operational costs and improve profit margins by leveraging bill of material, specifications and other related data to build standard request-for quotes (RFQs) and quote responses for complex products and as well as off-the-shelf components.

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RFP vs RFQ

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