GETTING THROUGH GOVERNMENT ACRONYM SOUP

IFB - INVITATION FOR BID

• IFBs are sealed bids

• Used when award is made based on the lowest price

• There must be more than one bid submitted

• Used when the government knows exact needs

• Bids opened at time and location specified in solicitation

• Opening of bids are made public

IFB - INVITATION FOR BID

SBDCTampaBay.com

RFP - REQUEST FOR PROPOSALS

• Used when needs of government are uncertain

• Businesses must design product around agency needs

• No public openings used for this type acquisition

• Discussions/negations are required

• Acquisition can be competitive or sole source

RFP - REQUEST FOR PROPOSALS

SBDCTampaBay.com

RFQ - REQUEST FOR QUOTE

RFQ - REQUEST FOR QUOTE

SBDCTampaBay.com

• Acquisition is not binding

• Acquisition is not accepted by the government

• Government uses quote to request items

• Solicitation form must be signed by vendor and agency

RFI - REQUEST FOR INFORMATION

RFI - REQUEST FOR INFORMATION RFI - REQUEST FOR INFORMATION

SBDCTampaBay.com

• RFIs are not used as acquisition method

• Used to request information about vendor’s qualifications

• Government issues RFP or RFQ after receiving information