In an entry titled "RFI/RFP Reflection," reflect on the RFI/RFP process. Explain the purpose and benefits of developing a RFI/RFP in detail, the purpose of the documents that support the process, and what you have learned from developing a RFI/RFP.
Please provide at least 3 paragraphs and provide references that are not websites.
Purpose of RFI's and RFP's:
Requests for Information and Requests for Proposals are two different things but often involved in the same process. An RFI is produced by a company looking for a supplier of a certain good or service. These are used to get an idea of what the overall market looks like for suppliers of this specific good/service. RFI's are often used to acknowledge that a funding opportunity may exist and get suppliers in thinking about how their company can provide these goods or services. Often, a RFI is followed by a formal RFP, in which the company or organization wishing to purchase goods or services puts together a document for suppliers to bid on, explaining why they would be the best choice to provide the goods or services. RFP's are creative documents that engage ...
The solution discusses the RFI and RFP presentations.