Question: What is the difference between an RFI (Request for Information) and RFQ (Request for Quotation)? RFI is a formal purchase order contract between buyer and

What is the difference between an RFI (Request

What is the difference between an RFI (Request for Information) and RFQ (Request for Quotation)? RFI is a formal purchase order contract between buyer and seller. RFQ is not. RFI seeks more data or information from the supply base; RFQ is more-detailed oriented and instruct sellers to place bids Government agencies often require competitive bidding and thus issue RFls RFQ is a purchase order contract. RFI is not

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