Match the following purchasing tools to its appropriate description

Request for Proposal

Request for Quote

Request for Information

$5$ points

The term used to describe a debt secured by a bidder to protect against $3$rd party liens not fulfilled by the

A standard business process whose purpose is to collect written information about the capabilities of various suppliers.

A detailed capabilities document used to determine a supplier's capability and interest in producing a product or service.

A debt secured by a bidder to guarantee that the successful bidder will accept the contract once awarded.

A document to solicit bids from interested and qualified suppliers for goods or services the organization needs to obtain.

An internal document that defines the need for goods or services

A debt secured by a bidder for the purpose of providing a guarantee that the work will be on time and meet specifications.