An RFP (Request for Proposal) is often the next stage in the procurement process where the buyer goes to market for solutions-oriented approaches to service or product delivery.
For example, an EOI (Expression of Interest) – often done in the early stages of the procurement process – may be released if the buyer is searching the market for potential suppliers, or seeking industry input into scoping requirements that will then go back out to market later on. The various acronyms used in the procurement process has a lot to do around the buyer’s readiness to purchase. If you’re confused by the various terms used by bid, proposal and tender professionals, and the equally confusing list of acronyms related to procurement process you’re not alone.
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