You are completing the requirements for vendor selection and need to create a procurement form that will ask the vendor to provide only a price for commercial-off-the-shelf solution. What type of…

The correct answer is D. Request for quote. A Request for Quote (RFQ) is the correct procurement form when you already know exactly what you need and only require pricing information from vendors. Because a commercial-off-the-shelf (COTS) solution is a pre-built, standardized product, there is no need to ask vendors to…

Requirements Analysis and Design Definition

Question

You are completing the requirements for vendor selection and need to create a procurement form that will ask the vendor to provide only a price for commercial-off-the-shelf solution. What type of procurement form will you need to provide to the vendor?

Options

ARequest for proposal
BPurchase order
CRequest for information
DRequest for quote

How the community answered

(29 responses)

A
17% (5)
B
7% (2)
C
3% (1)
D
72% (21)

Explanation

A Request for Quote (RFQ) is the correct procurement form when you already know exactly what you need and only require pricing information from vendors. Because a commercial-off-the-shelf (COTS) solution is a pre-built, standardized product, there is no need to ask vendors to propose a custom approach - you simply need them to quote a price. A Request for Proposal (RFP) is used when you need vendors to propose a solution to a problem, not just provide a price. A Request for Information (RFI) is used to gather general market information before formal procurement begins. A Purchase Order (PO) is issued after a vendor has been selected, not during the selection process.

Topics

#request for quote#vendor selection#procurement forms#COTS solutions

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