Getting Through Government Acronym Soup
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Transcript of Getting Through Government Acronym Soup
• 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
• 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
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