Also referred to a minimum qualifications or minimum requirements.Īgreement - A legally binding contract, signed and executed by both the buyer and seller. Explore each definition and all of the related terms to become an expert in all things RFP, RFx and beyond.Īcceptance criteria - Factors used to determine whether a product or service meets the required standard, frequently used in software procurement.
RFX 150 OR RFX 75 PDF
In this blog, which you can download as a PDF for quick reference, you’ll find a rundown of RFx definitions and procurement terminology. Whether you’re new to RFPs or a seasoned veteran, you may find it difficult to decipher and navigate these industry-specific terms. Naturally, procurement and proposal professionals, and the people who interact with them, use a vocabulary full of RFP abbreviations, acronyms, synonyms and jargon. All of these RFx definitions - and lots of others - are commonly used in the RFP and proposal process.Įvery industry has a language of its own, and the RFP and procurement world is no different. In addition, an RFI is a request for information. Alternatively, it may stand for request for qualification. For example, an RFP is a request for proposal.
Indeed, the ‘x’ stands for various kinds of requests. An RFx is a catch-all term that refers to any document that is a ‘request for’ something. But, what is an RFx exactly? Great question. If you work with RFPs and proposals, chances are you’ve run into the term ‘RFx’.
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