RFQ, RFP, Bid, SOW, contract sequence


Can someone please explain what is the process of this. I am bit confused what is done when. IS it first the RFP ->Bid .....contract.

If anyone can provide a practical example, it would be great.

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First there is Request or quote or RFP which is sent by Buyer, Sellers repond to it with proposal or Bid indicating their terms / conditions. Finally when the winning bidder / seller is selected, you sign the contract with them and then SoW.  By contract I mean Master service agreement which will indicate the generic terms and conditions of engagement and SoW will have details about the current project scope etc.