Concepts

RFP vs RFI vs RFQ

Understand the three primary procurement documents and when each is used.

RFP (Request for Proposal)

A formal solicitation inviting vendors to submit detailed proposals including technical approach, past performance, and pricing for a complex project or service.

RFI (Request for Information)

A preliminary document used to gather market intelligence and understand available solutions before developing a formal solicitation.

RFQ (Request for Quotation)

A document requesting price quotes for well-defined products or services where specifications are already established.

DimensionRFPRFIRFQ
PurposeEvaluate solutions and select a contractorGather information and assess market capabilitiesObtain competitive pricing for defined requirements
Evaluation FocusTechnical approach + price (best value tradeoff)No evaluation — informational onlyPrimarily price-based
Response EffortHigh — detailed technical and cost volumesLow to moderate — capability overviewLow — pricing with basic compliance
BindingYes — leads to contract awardNo — no commitment to purchaseYes — leads to purchase order or contract
Timeline30-60 days typical response period14-30 days typical response period7-21 days typical response period
ComplexityComplex services, IT, consulting, constructionAny — used for market researchCommodities, standard services, simple purchases

Key Takeaway

The key distinction is complexity and evaluation method. RFPs are for complex procurements requiring technical evaluation, RFIs are for market research with no award commitment, and RFQs are for straightforward purchases where price is the primary differentiator. Many procurements progress through all three stages: RFI to understand the market, then RFP or RFQ to make the purchase.

When to Use Each

RFP

Use when evaluating complex solutions where technical approach and vendor capability matter as much as price. Best for services, IT projects, consulting, and any procurement requiring customized solutions.

RFI

Use early in the procurement cycle to understand what's available in the market, identify potential vendors, and refine requirements before committing to a formal solicitation.

RFQ

Use when specifications are well-defined and price is the primary selection factor. Best for commodities, standard equipment, and routine services with clear deliverables.

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