A formal invitation to submit a price for goods and/or services as specified.

Similar to a request for proposal, except that the desired items to be procured are stock or catalog items, and only price and delivery time need be proposed.
(Wideman Comparative Glossary of Common Project Management Terms v2.1)

J. Jerrald Hayes
I am ex-architectural woodworker and general contractor turned IT, Business and Project Management consultant, software developer wannabe senior division triathlete and ski racer, Yankee fan and founder of Paradigm-360.com, 360 Difference Mac4Construction.com,iOS4Construction.com and now TheBuildingAndRemodelingWiki.com too.
Share This