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Document
ART - Certification 2010
Year Created: 2010
DOCUMENT
PROCEDURE - Training 2007
- YEAR CREATED: 2007
- TYPE OF DOCUMENT: POL - Policies/Procedures
The document provides a comparison between an Invitation to Bid (ITB) and a Request for Proposal (RFP). It explains that an ITB is used when the buyer knows exactly what they want and can clearly describe it to the supplier with specifications. The main objective of an ITB is to determine the cost, and negotiations are not allowed. The bids are publicly opened at a specified time and date, revealing the bidder's name, price, items offered, FOB point, and delivery details.
On the other hand, an RFP is used when the buyer knows the final outcome they want but allows the proposer to develop and provide the solution. Evaluation criteria are always stated upfront in the bid document, and negotiations are typically allowed. The RFP process may involve two steps, with separate envelopes for the proposal and pricing. The proposals are evaluated against the criteria, and only the pricing proposals of the RFPs that meet the evaluation criteria are opened. The document mentions that RFPs are often used for bidding on services.
Overall, the document highlights the key differences between ITBs and RFPs in terms of the buyer's knowledge of what they want, the involvement of negotiations, the evaluation process, and the opening of bids.