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RFI, RFQ, & RFP: What’s the Difference?
Momentivesoftware·Private Sector
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This article explains the differences between RFI, RFQ, and RFP, highlighting the purposes and characteristics of each. It also provides an example of when an RFQ is appropriate, such as for cloud migration services for organizations using Microsoft Dynamics 365 products.
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Title: RFI, RFQ, & RFP: What’s the Difference?
Description: In my experience, many customers mistakenly name their RFQs as RFPs, but when you go to respond you are not allowed to “propose” a variety of solutions and have subsequent conversations about your proposed options, which is the purpose of an RFP. In these cases, you are simply asked to fill out a list of requirements and give detailed costs for each line item, which by its definition is simply an RFQ. An RFQ is appropriate for a project in which you are adding on to or augmenting an existing system. For instance, Cobalt offers cloud migration services for organizations already using Microsoft Dynamics 365 products and services.
Source: https://momentivesoftware.com/blog/rfi-vs-rfp-vs-rfq/
Organization: Momentivesoftware