Request for Proposal (RFP)
The document used to solicit sealed Proposals from potential providers for goods and services (Proposers) over $100,000 and professional services over $60,000. Price is usually not a primary evaluation factor. Provides for the negotiation of all terms, including price prior to contract award. May include a provision for the negotiation of Best and Final Offers. May be a single-step or multi-step process
Invitation to Bid (ITB)
The bidding process is used for soliciting sealed bids for goods and services over $100,000 and professional services over $60,000. The award is made to the lowest responsive, responsible bidder.
Request for Quote (RFQ)
Bidding process for soliciting bids under $100,000. The award is made to the lowest responsive, responsible bidder.