Request for Prequalification definition
Request for Prequalification or “RFPQ” means a Request for Information about Vendors to determine whether the Vendor has the capability to perform the contract requirements. The Request for Prequalification process is undertaken with a view to establishing a list of bidders eligible to Bid on future opportunities.
Request for Prequalification means a request by the County preceding a Request for Proposal, Request for Quotation or a Request for Tender seeking submissions from potential Vendors where it is deemed that the nature and complexity of the work involved warrants the time and effort required to pre-select the most experienced and qualified Vendors.
Request for Prequalification s” or “RFPQ” means a process where information is requested from vendors to determine whether or not the vendor has the capability in all respects to perform the contract requirements. The Request for Prequalifications process is initiated before a RFP or RFT is issued and only prequalified vendors are eligible to submit a Bid on such procurements.
Examples of Request for Prequalification in a sentence
A two-stage process can help to first prequalify a number of companies that can demonstrate to have the required competencies and experience (RFP Request for Prequalification), followed by bidding process for the prequalified companies (ITB Invitation to Bid).
More Definitions of Request for Prequalification
Request for Prequalification means a formal Town solicitation for details on suppliers backgrounds, capabilities and resources, and the goods or services they are offering, such information shall be used to pre-qualify suppliers and/or their goods and services to be invited to submit bids;
Request for Prequalification. (RFPQ) means a request with specific qualification criteria used to identify and pre-select qualified Bidders and/or Goods for participation in multiple step HVA Procurement processes.
Request for Prequalification. “RFPQ” means a Request for Prequalification including all Schedules , Appendices, other supporting documents and any changes the City may from time to time make to the RFx;
Request for Prequalification. (“RFPQ”) means a request which will be used to determine qualified Bidders or Proponents that may Bid on a subsequent procurement process for Goods or Services;
Request for Prequalification means a procurement process used to gather information on Vendor capabilities and qualifications, with the intention of creating a list of prequalified vendors.
Request for Prequalification. (RFPQ) means a document that is issued whereby suppliers are pre-established in advance of a project utilizing clearly defined criteria and requested information developed by the originator of the project with the intention of creating a list of pre-qualified suppliers that will be invited to respond to one specific upcoming request or expected future requests;
Request for Prequalification means a request by the Police Service preceding a Request for Proposal, Request for Quotation or a Request for Tender seeking Bids