Whats the difference between the following:
Mon, 03/08/2010 - 21:21
Request for bid -- During the time of bidding the vendor will be selected solely based on the price quoted for the work mentioned in the procurement statement of work for example if there is a tender for constructing bridge the seller who quotes the lowest price will be selected. Request for Bid is a Fixed type Contract
Request for proposal -- Here the buyer is requesting for price and detailed proposal
Tue, 03/09/2010 - 16:43
Thanks for the response!
Sat, 03/13/2010 - 13:54
Here is some info, i found on net:
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