The main difference between an RFP and an RFQ is that the
A) RFP tends to be much less specific in regard to activities that can be proposed.
B) RFQ tends to be much less specific in regard to activities that can be proposed.
C) RFP needs to provide a cost estimate for the work proposed.
D) There is no difference between the two.

Question

Quizplus · Accepted Answer

An RFP (Request for Proposal) tends to be much less specific in regard to activities that can be proposed, while an RFQ (Request for Quote) typically specifies exactly what goods or services are needed and asks potential vendors to provide a quote for them. The RFP is more focused on the proposed solution to a problem, rather than just the cost of goods or services. The RFP may also ask for a cost estimate, but it is not the main focus.

The Main Difference Between an RFP and an RFQ Is