If you’re thinking of targeting government as a potential new source of business you should know they use a lot of acronyms. Here’s my down and dirty list. If you want to dig deeper, click the link at the bottom of the post to read an article that will explain all the mysteries of government contract jargon.
But for now, here’s a list of what all those weird letters stand for:
- (RFP) Request for Proposal
- (RFQ) Request for Quotation
- (T-buy) Telephone buy
- (ITT) Invitation to Tender
- (RFSO) Request for Standing Offer
- (RFSA) Request for Supply Arrangement
So, what do they all mean? Here’s an article I wrote – Canadian Government Contract Acronyms – that will explain the meat and potatoes behind government contracts. Leave me a comment if you’d like to know about winning government contracts and I’ll send you a link to an article that will help you write winning proposals.