Request for Information, Proposal, and Quotation — three sequential procurement documents used to evaluate supplier capabilities, solutions, and pricing.
RFI (Request for Information), RFP (Request for Proposal), and RFQ (Request for Quotation) are three sequential procurement documents used to evaluate and select suppliers. An RFI gathers general information about supplier capabilities; an RFP requests detailed proposals for how a supplier would meet specific requirements; an RFQ solicits formal pricing for defined specifications.
These documents form the backbone of structured sourcing processes, ensuring fair comparison across suppliers. A well-crafted RFQ includes detailed specifications, quantities, quality requirements, delivery timelines, and commercial terms. FindMyFactory helps companies identify the right manufacturers to include in their RFQ process.