The City of Pineville, Louisiana

What are the differences between an RFP vs RFQ vs RFI?  While they may seem similar, a request for proposal (RFP), a request for quotation (RFQ) and a request for information (RFI) all have different definitions and serve different purposes within the procurement process.

The difference between the RFP, RFQ and RFI is what information they provide:

• An RFP compares — RFP responses evaluate the merits of each vendor compared to others
• An RFQ quantifies — RFQ responses provide the cost of meeting a specific need
• An RFI educates — RFI responses explore how a vendor might solve a problem or fill a need

Sealed bidding is a procurement process in which bid responses remain sealed until after the submission deadline has passed.  The aim of sealed bidding is to increase the fairness and transparency of the procurement process.  Sealed bidding is primarily used for firm-fixed price contracts, when the government is looking for the lowest price.

Click here to view Bid Process

*************************************************************