An organization needs a vendor to provide a solution. The organization can only describe its goals but not how to accomplish the work.
Which of the following types of procurement should be used?
A. Request for information
B. Request for quote
C. Request for bid
D. Request for proposal
Not sure which study guide Jim is talking about, but the 2nd Edition guide says:
“Request for Information (RFI) An RFI is used when you need to gather more information about the goods or services you need to procure. This process will give you a sense for the number of providers or contractors who can provide the goods or services, and you will get an idea of cost. An RFI or RFQ is used when the costs are unknown to you and you need an estimate for the goods or services.”
But the study guide also says “RFQ is similar to the RFI. They both serve the same purpose, and most organizations use one or the other of these procurement methods when determining estimates”, and no other description of their differences.
Another junk question with crap wording, but I believe A, RFI, is the correct answer.
Wrong answer.
This is from the official study guide:
A Request for Information (RFI) is commonly used to develop lists of qualified vendors and gain more input for resource availability. This document is used to gather relevant information about a vendor’s organization and financial history, including:
Seller organization’s history
Balance sheets
Business type (family owned, private, publicly listed, etc.)
Owner’s history and background
Bank statements for the past three years
So RFI has nothing to do with providing a solution.
Request for Information (RFI) An RFI is used when you need to gather more information about the goods or services you need to procure. This process will give you a sense for the number of providers or contractors who can provide the goods or services, and you will get an idea of cost. An RFI or RFQ is used when the costs are unknown to
you and you need an estimate for the goods or services.
Request for Quotation (RFQ) RFQ is similar to the RFI. They both serve the same purpose, and most organizations use one or the other of these procurement methods when determining estimates.
Request for Proposal (RFP) An RFP is submitted when you are ready to procure and begin the work. This process includes submitting
the SOW, receiving bids from vendors and suppliers, evaluating the
responses, and making a selection.