Which of the following documents is described in the statement below?
"It is a type of procurement document used to request proposals from prospective sellers of products or services."
Which of the following documents is described in the statement below?
"It is a type of procurement document used to request proposals from prospective sellers of products or services."
The correct document described in the statement is the request for proposal (RFP). An RFP is a type of procurement document used to request proposals from prospective sellers of products or services. It is typically used when the buyer is looking for a solution to a problem and is open to receiving various approaches and ideas from sellers. The goal is to find the best proposal that meets the buyer's needs, which often includes evaluating criteria beyond just price, such as the proposed solution's quality, the seller's experience, and other factors.
Answer: RFP
I am choosing D, because RFB is not mentioned in BABOK 3, also, when you google the RFB it states that is it RFP.
In the next question 204 the procurement document is called "invitation for bid"
Request for proposal is correct. Bk v3,pg 450
A request for proposal (RFP), request for quote (RFQ), and request for information (RFI) are three distinct types of documents that businesses and other entities use to reach out to the business community for suppliers or contractors that they may be able to work with. when a company or other organization sends out an RFQ it knows exactly what it needs and is seeking the best supplier or suppliers. An RFP is a more open-ended process. The business or organization is seeking qualified contractors to carry out a new project. The project and its goals are defined in some detail but there is room for creativity in the responses.
request for quote (RFQ): A procurement method of soliciting price and solution options from vendors. - I think answer is A (Request for quote)