4d • General discussion
RFP, RFQ, IFB – What’s the Difference?
Confused by all the government procurement terms? Here’s a quick breakdown:
- RFP (Request for Proposal): Detailed proposals, evaluation criteria.
- RFQ (Request for Quote): Pricing-focused, simpler.
- IFB (Invitation for Bid): Strict requirements, often construction or products.
Tip: Understanding the type of solicitation changes your strategy entirely.
Question: Which type do you usually target, and why?
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RFP, RFQ, IFB – What’s the Difference?
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