RFQ is a document detailing buyer requirements and vendor pricing. RFQ differs from RFP by focusing solely on cost. RFQ works best for specific products and strategic sourcing
UNDP commits to maximizing environmental, social and economic considerations in procurement. Sustainable procurement must be implemented progressively and respect market access rights. Best value for money and fairness are fundamental principles
Framework agreements streamline procurement processes and reduce administrative burden. They enable economies of scale and bulk discounts for cost savings. They facilitate long-term relationships with suppliers based on trust. They promote consistency in product quality, pricing, and service levels
RFI is a document requesting information about products/services from suppliers. Companies use RFI to compare vendors and gather market information. Basic elements include company information, confidentiality agreement, and supplier details. RFI template covers overview, qualifications, requested information, and response expectations
JRC leads criteria development based on annual work plan coordinated with EU Ecolabel. Criteria development involves consultation with informal GPP Advisory Group
Bidding is competitive offer to set price for products or services. Used in auctions, financial transactions, and real estate. Academic bidding allows students to select seats in courses