Saturday, August 28, 2010

Request for Proposal (RFP)

Request for Proposal (RFP):
  • when deliverables are not well-defined
  • offer suggestions and alternative approaches to meet the project goals
  • is the most time-consuming for the vendor
  • negotiation is expected

Request for Quotation (RFQ)

Request for Quotation (RFQ):
  • when deliverables are commodities for which there are clear specifications
  • when price will be the primary determining factor
  • may allow for some negotiation of price

Friday, August 27, 2010

Request for Bid (RFB)

Request of Bid (RFB) is:
  • Commonly used when deliverables are commodities for which there are clear specifications.

  • Submitted to selected vendors.

What are Procurement Documents?

Procurement Documents are:
  • documents submitted to prospective sellers to solicit proposals for work being procured.
  • May include the following:

    Information for sellers
    Contract statement of work
    Proposal terms and conditions of the contract (legal and business)
    Non-Disclosure Agreement

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)