Procurement Document Package
The procurement document package contains procurement documents that are used to solicit proposals from prospective sellers. It is a buyer-prepared formal request sent to each seller. Terms such as bid, tender, or quotations are generally used when the seller selection decision will be based on price. Whereas, a term such as proposal is generally used when terms are in use for different types of procurement documents. These documents include Request for information (RFI), invitation for bid (IFB), request for proposal (RFP), request for quotation (RFQ), tender notice, invitation for negotiation, and seller initial response.
