Request for Proposal (RFP)
A Request for Proposal (RFP) is a form of bid solicitation that is used when the bidder selection is based on best value, rather than on price alone. It is submitted early in the procurement cycle, either at the preliminary study or procurement stage. An RFP is used when suppliers are invited to propose a solution to a problem, requirement or objective, and the selection of the contractor is based on the effectiveness of the proposed solution.
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Request for Tender (RFT)
A Request for Tender (RFT) is a formal, structured bid solicitation for the supply of goods and for services. The majority of RFTs are published by the government sector, but companies in the infrastructure and utilities sectors may also publish ...
Request for Quote (RFQ)
A Request for Quote (RFQ) is used to solicit bids for commercial goods and/or services from one or more suppliers. Because of its abbreviated nature, an RFQ may not contain all of the terms and conditions that are typically used to form a contract.
Service Provider
An individual or entity that performs services for a service recipient in exchange for compensation or other taxable benefits. Common types of service providers include: Employees. Independent contractors. Outside (non-employee) directors.
Person
Reference to a person can include an individual, partnership, unincorporated association, unincorporated syndicate, unincorporated organization, trust, trustee, executor, administrator or other legal representative.
Intellectual Property (IP)
Intangible products of human intellect from which ownership (title) and other legal rights can arise. Certain categories of IP that are protected under Canadian law are patents, copyrights, trademarks, industrial designs and trade secrets.