You are completing the requirements for vendor selection and need to create a procurement form that will ask the vendor to provide only a price for commercial-off-the-shelf solution. What type of procurement form will you need to provide to the vendor?
A.
Purchase order
B.
Request for proposal
C.
Request for information
D.
Request for quote
Explanation:
A request for quote (RFQJ is a procurement document that you, the buyer in this instance, will provide to the vendor. The RFQ asks the vendor to provide just a price for the identified work, product, or service.Answer option B is incorrect. Request for proposal is a type of procurement document used to request proposals from prospective sellers of products or services. It invites the vendors to create a proposal, which can include ideas, suggestions, and more for the project. In some application areas, it may have a narrower or more specific meaning.
Answer option C is incorrect. A request for information is a query from the buyer to the seller asking for additional information such as brochures, references, samples of their work, or whitepapers. It’s not a promise or intent to purchase from the vendor, but it asks the vendor to provide more information about their business.
Answer option A is incorrect. A purchase is a pre-determined agreement on price where you may ask the vendor to provide the goods or service.