What is RFI? RFI Review

introduce

RFIs are primarily used to gather information to help decide on the next steps to take. As such, RFIs are rarely the final stage, but are often used in conjunction with: Request for Proposal ( RFP ), Tender (RFT), and Request for Quote ( RFQ ). In addition to gathering basic information, RFIs are often used to send out solicitations to a broad group of potential suppliers, to condition supplier minds, develop strategy, build a database, and prepare for an RFP, RFT, or RFQ.

Information collected includes

Suppliers include: facilities, financial status, attitudes and motivations

Supply Market Status

Supply Market Dynamics

Trends and factors driving change

Alternative pricing strategies

Supplier competition

The breadth and breadth of product/service offerings provided by the supplier

Supplier strategic priorities, business and product plans

history

In the early 2000s, many companies began using various construction management applications, including document management platforms, to manage the RFI process. This helped construction professionals save time, reduce costs, achieve error-free projects, and improve quality.

References