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- The seven main procurement documents in project management are12:
- Request for information (RFI)
- Request for proposal (RFP)
- Request for quotation (RFQ)
- Invitation for bid (IFB)
- Sales proposal (SP)
- Purchase and sales agreement (PSA)
- Purchase order (OP)
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The seven main procurement documents are:
- request for information (RFI)
- request for proposal (RFP)
- request for quotation (RFQ)
- invitation for bid (IFB)
- sales proposal (SP)
www.documill.com/blog/demystifying-procurement …Procurement Documents (RFI, RFP, RFQ, IFB, LOI, PO)
- RFI (Request For Information) This is where the buyer seeks to understand the capabilities of the seller.
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See more on projectmanager.comProcurement management refers to all the actions and strategies related to the cycle of identifying, evaluating and selecting suppliers of production inputs. This involves creating a procurement management plan, testing quality, managing procurement contracts, executing purchases and any other activity that’s needed …Procurement Documents (RFI, RFP, RFQ, IFB, LOI, PO)
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- RFI (Request For Information) This is where the buyer seeks to understand …
- RFP (Request For Proposal) This is where the buyer seeks to understand …
- RFQ (Request For Quote) This is where the buyer seeks the price quote per …
- IFB (Invitation For Bid) This is where the buyer seeks price quote or bids …
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