Category: Terminology
A glossary of terms used widely in RFPs and in proposal process management, as well as those that apply to procurement overall. Limit search alphabetically by using the tag.
Term: RTQ/RTFQ
Read the question; acronym pronounced by spelling it out. Not sure what that “F” stands for. See ATQ/ATFQ.
Term: Request for Expression of Interest
A procurement tool used to identify probable level of competition in a planned procurement, by requesting non-binding expressions of interest on the opportunity as defined. Sometimes called Request for Letter of Interest. If Expression and Letter of Interest are meaningfully different, the distinction escapes me.