Discuss the difference between RFI and RFP

Expert Solution

# The full form of RFI is Request for Information. It is a business process to collect written information about the capabilities of various suppliers. The level of effort is medium for clients and vendors . The format is open ended . It is limited in scope and does not ask for pricing . It involves large number of vendors .

# The full form of RFP is Request for Proposal . It is a document issued by an organization to request vendor bids for products, solutions and services. It's level of effort is high for clients and medium for vendors . The format is open ended but with formal parameters. It's comprehensive and asks for pricing . It involves small number of vendors

Nightingale answered 2 years ago

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