RFI is a typical process that is used to narrow down a list of candidates. Learn about RFIs (Request for Information) and how they differ from RFPs (Request for Proposal) in construction projects with this video.
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00:00 - Intro
00:08 - Request For Information RFI Process in Construction
00:45 - What is Request For Information (RFI) Process in Construction
01:31 - How to Improve Your Request (RFI) Process
03:20 - Benefits of the Request for Information
04:04 - Request for Information (RFI) vs Request for Proposal (RFP) vs Request for Quotation (RFQ)
04:20 - RFP: Request for Proposal
04:33 - RFQ: Request for Quotation
RFI: Requests For Information
The Requests For Information (RFI) procedure is widely used in construction projects when it is required to confirm the interpretation of detail, specification, or note on the construction drawings.
RFP: Request for Proposal
An RFI is usually the predecessor of a request for proposal (RFP). The aim of a request for proposal (RFP) is to request information from vendors about the price of their product or service.
RFQ: Request for Quotation
Request for proposal (RFP) and Request for quotation (RFQ) are similar processes. Sometimes RFQs are sent along with RFPs and sometimes RFQs are sent alone. The difference between RFP and RFQ is that RFQs are sent when you know exactly what you need. You don’t need details because you are looking for the lowest price and/or a particular service. On the other hand, you send RFIs to evaluate a number of factors besides price before deciding to buy.
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