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CompTIA

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.

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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

(68 responses)
  • A
    1% (1)
  • B
    91% (62)
  • C
    4% (3)
  • D
    3% (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.

ARFP

An RFP - Request for Proposal - solicits a vendor's proposed approach, methodology, and price for a less-defined requirement, not just a price comparison.

BRFQCorrect

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.

CRFI

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.

DRFO

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

Topics

#RFQ#procurement#vendor pricing#procurement documents

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