Term: RTQ/RTFQ
Read the question; acronym pronounced by spelling it out. Not sure what that “F” stands for. See ATQ/ATFQ.
Tag: Terms starting with R
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.
Term: Rebid/Rebidding
The process of bidding on Work for which you hold the existing contract that is due to expire. Arises frequently in government contracting, where procurement policy does not readily allow ongoing contracting between a government client and the contractor without benefit of periodic recompetition, no matter how well the contractor …
Term: Response Requirement
The sum total of what must be submitted to the client. Defined by the response instructions.