Understanding RFIs

You create RFIs to gather information about organizations. You can use an RFI to ask questions about potential bidders, such as:

• What is the company's annual revenue?

• How long has the company been in business?

• Is the company ISO (International Organization for Standardization) certified?

Because RFIs are used only for gathering information about companies, you attach only header bid questions to them. When you analyze the responses from the bidders for your RFI, you can efficiently eliminate companies that have unfavorable responses, therefore providing you with an idea of what bidders to invite to a request for quote event.