PK0-004 · 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. A Request for Quote (RFQ) is the procurement document used when the buyer knows exactly what is needed and wants competing vendors to submit specific pricing.
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
(68 responses)- A1% (1)
- B91% (62)
- C4% (3)
- D3% (2)
Why each option
A Request for Quote (RFQ) is the procurement document used when the buyer knows exactly what is needed and wants competing vendors to submit specific pricing.
An RFP - Request for Proposal - solicits a vendor's proposed approach, methodology, and price for a less-defined requirement, not just a price comparison.
An RFQ - Request for Quote - is sent to vendors when the project team has fully defined the deliverable and needs only price information to make a selection. It is the correct document when the sole objective is obtaining and comparing cost figures from multiple vendors, as described in the question.
An RFI - Request for Information - is used early in procurement to gather general market or capability information from vendors, not to obtain binding price quotes.
RFO - Request for Offer - is not a standard procurement document recognized in common project management frameworks such as PMI or CompTIA Project+.
Concept tested: Procurement document types RFQ vs RFP vs RFI
Source: https://www.comptia.org/certifications/project
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