Call for bids and ERFx

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Call for bids and ERFx

Call for bids vs. ERFx

A call for bids, call for tenders, or invitation to tender (ITT, often called tender for short) is a special procedure for generating competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts. In procurement technology, ERFx (or eRFx) is an acronym for Electronic Request For, where x can be Proposal (RFP), Quotation (RFQ), Information (RFI) or Tender (RFT).

Similarities between Call for bids and ERFx

Call for bids and ERFx have 5 things in common (in Unionpedia): E-procurement, Procurement, Request for proposal, Request for quotation, Request for tender.

E-procurement

E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning.

Call for bids and E-procurement · E-procurement and ERFx · See more »

Procurement

Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process.

Call for bids and Procurement · ERFx and Procurement · See more »

Request for proposal

A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.

Call for bids and Request for proposal · ERFx and Request for proposal · See more »

Request for quotation

A request for quotation (RfQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services.

Call for bids and Request for quotation · ERFx and Request for quotation · See more »

Request for tender

A request for tenders (RFT) is a formal, structured invitation to suppliers to submit a bid to supply products or services.

Call for bids and Request for tender · ERFx and Request for tender · See more »

The list above answers the following questions

What Call for bids and ERFx have in common
What are the similarities between Call for bids and ERFx

Call for bids and ERFx Comparison

Call for bids has 20 relations, while ERFx has 7. As they have in common 5, the Jaccard index is 18.52% = 5 / (20 + 7).

References

This article shows the relationship between Call for bids and ERFx. To access each article from which the information was extracted, please visit:

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