Term: RTQ/RTFQ
Read the question; acronym pronounced by spelling it out. Not sure what that “F” stands for. See ATQ/ATFQ.
Read the question; acronym pronounced by spelling it out. Not sure what that “F” stands for. See ATQ/ATFQ.
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.
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 …
The sum total of what must be submitted to the client. Defined by the response instructions.