What is the difference between a request for proposal (RFP) and a request for quotation (RFQ)? Fundamentally, both have similar purposes ? they seek information. Organizations that intend to solicit RFQ or RFP documents to prospective vendors are experiencing an issue or need external support for an upcoming project. Vendors will respond to either an RFP or an RFQ with information about their company to show the issuing organization the capability strength of the vendor.
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