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PK0-003 · Question #255

The project team needs to collect three different prices for a specific deliverable. Which of the following documents will be sent to potential vendors?

The correct answer is B. RFQ. To collect specific price quotes for a clearly defined deliverable, a Request for Quotation (RFQ) is the appropriate procurement document.

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Question

The project team needs to collect three different prices for a specific deliverable. Which of the following documents will be sent to potential vendors?

Options

  • ARFP
  • BRFQ
  • CRFI
  • DRFO

How the community answered

(41 responses)
  • B
    95% (39)
  • C
    2% (1)
  • D
    2% (1)

Why each option

To collect specific price quotes for a clearly defined deliverable, a Request for Quotation (RFQ) is the appropriate procurement document.

ARFP

A Request for Proposal (RFP) is used when the scope is not fully defined, and the organization seeks detailed proposals, creative solutions, and technical approaches from vendors.

BRFQCorrect

A Request for Quotation (RFQ) is utilized when the requirements for a product or service are clear and detailed, and the primary goal is to obtain pricing information from multiple vendors. The need to collect 'three different prices for a specific deliverable' indicates that the deliverable is well-defined and only pricing is needed.

CRFI

A Request for Information (RFI) is an initial document used to gather general information about potential suppliers' capabilities and available solutions, typically before requirements are fully detailed or pricing is sought.

DRFO

RFO is not a standard or commonly recognized procurement document type in project management methodologies.

Concept tested: Procurement document types - RFQ

Topics

#procurement documents#RFQ#vendor management

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