In practice, you may find that people use these phrases incorrectly to mean the same thing. This is because many organizations do not know the differences well enough. Lack of training can lead buyers to miss out on the benefits of trading. Thank you very much for the useful information and clear clarification on public procurement. An RFI is mainly used to gather information, to make a decision on the next steps to take. RFI is therefore rarely the last step and is often used in combination with: Request for Proposal (RFP), Tender (RFT) and Bid Request (RFQ). In addition to collecting basic information, an RFI is often used as an invitation to a broad base of potential suppliers to condition the minds of suppliers, develop strategies, create a database and prepare for an RFP, RFT or RFQ. A PSR usually includes more than one requirement for the price. Other requested information may provide basic information and information about the company, financial information (the company can provide without risk of bankruptcy), technical skills (used for large purchases of services, if the item was not produced beforehand or if the requirement could be met by different technical means, information about products such as availability and estimation of completion time , as well as client references that can be verified to determine a company`s suitability (including the educational and military context of its staff in the project — higher education graduates and higher education graduates can add a “value” by the bidder). Although a PSR needs to be evaluated in its entirety, many companies have a minimum price point that they can or want to accept for their particular service. For this reason, it may be advisable to first determine the maximum price that the company or agency is willing to pay, as is hoped in its PSR. Even if the PSR does not indicate the price it will pay, there may be an explicit cap on the total eligible cost of the contract as a whole. If this is the case, companies should carefully analyze whether they can work within these parameters.
Responding to a PSR would be a huge waste of time and energy if the financial component does not work for both parties, as the PSR specifically states. Thank you for the valuable information that I believe will help staff in the procurement business. In military personnel in many countries, a PSR is often levied to meet an operational requirement (OR), under which the military procurement authority generally issues a detailed technical specification against which bids (i.e. bids) are submitted by potential contractors. In civilian use, a PSR is usually part of a complex sales process, also known as business distribution. An open study that encompasses the market and seeks broad data and knowledge. Your RFP and RTF should also look for questions on the following issues in order to support your subsequent negotiation: Price per item or unit of service is the end result of the offer requirements.