Common terms and phrases
Here are some common terms or phrases that you may need to be aware of:
Pre-qualification questionnaire (PQQ) focuses on information about the company, and may include aspects such as financial information. Suppliers who are successful at the pre-qualification questionnaire stage will then be invited to tender.
Invitation to tender (ITT) is a document that is sent to businesses to invite them to tender for the contract.
Request for quotation (RFQ) is used to invite suppliers into a bidding process to bid on specific products or services.
