Guidance24

01/01/2026

23/02/2024

RFP, RFQ, and RFI are all acronyms used in the procurement process:

RFP (Request for Proposal):

An RFP is a formal document issued by an organization seeking proposals from potential vendors or service providers to meet specific requirements.
It typically outlines the project requirements, evaluation criteria, timeline, and other relevant details.
Organizations use RFPs when they have a complex project or when they want to compare proposals from different vendors before making a selection.
RFQ (Request for Quotation):

An RFQ is a document used to solicit quotes or bids from suppliers for specific products or services.
Unlike an RFP, an RFQ usually focuses on pricing and technical specifications rather than detailed proposals.
RFQs are commonly used for straightforward procurement needs where the requirements are well-defined and the selection criteria are primarily based on price.
RFI (Request for Information):

An RFI is a preliminary document used by organizations to gather information about a product, service, or potential supplier.
It's used when the organization wants to understand what solutions are available in the market, what capabilities suppliers have, or what pricing models are typical for certain services.
RFIs help organizations gather information before issuing more formal requests like RFPs or RFQs. They are more exploratory in nature and don't typically result in binding commitments from either party.

23/02/2024

29/12/2023

https://guidance24.com/types-of-procurement-handling/

Procurement is the process of acquiring goods, services, or works from an external source, often through purchasing. There are several types of procurement handling, each tailored to different needs and circumstances. Here are some common types: Centralized Procurement: All procurement activities ar...

29/11/2023

05/06/2022

IIFA Award 2022 Winners List
Best Actor (Male) – Vicky Kaushal for Sardar Udham
Best Actor (Female) – Kriti Sanon for Mimi
Best Director – Vishnuvaradhan for Shershaah
Best Film – Hiroo Yash Johar, Karan Johar, Apoorva Mehta, Shabbir Boxwala, Ajay Shah, Himanshu Gandhi for Shershaah
Best Playback Singer Female – Asees Kaur for ‘Raataan Lambiyan’, Shershaah
Best Playback Singer Male – Jubin Nautiyal for song ‘Raataan Lambiyan’, Shershaah
Best Lyrics – Kausar Munir for ‘Lehra Do’, 83
Best Music Direction – A R Rahman for Atrangi Re and Jasleen Royal, Javed-Mohsin, Vikram Montrose, B Praak, Jaani for Shershaah
Best Male Debut – Ahan Shetty for Tadap
Best Female Debut – Sharvari Wagh for Bunty Aur Babli 2
Best Story Adapted – Kabir Khan, Sanjay Puran Singh Chauhan for 83
Best Original Story – Ludo by Anurag Basu
Best Supporting Actor Female – Sai Tamhankar for Mimi
Best Supporting Actor Male – Pankaj Tripathi for Ludo