RFP – Request for Proposal that outlines specific requirements.
Tender – Tender document that outlines requirement.
RFI – A proposal requesting information on specific items/services.
RFQ – A request for information on pricing on a specific item.
EOI – Expression of Interest – This allows the organization to ascertain whether there are companies who can undertake the sort of work you want to bid for.
Pre Bid Conference – Meeting held between buyer and suppliers for purpose of information giving and answering of any questions.
Evaluation – Evaluation of proposals.
Recommendation for Award – Internal process giving reasons for decision.
Award Contract – To specific supplier.
Contract – Formal contract signed between two parties.
Performance Standards – Specific standards required under the contract.
Termination clauses – Reasons for terminating the contract.
Period of Performance – Period of contract e.g. 1 year, 2 years etc.