Document background
The Request for Proposal and Request for Quotation document is a critical procurement tool in Singapore's business environment, used when organizations need to formally solicit detailed proposals and pricing from potential vendors. This document combines the comprehensive nature of an RFP with the specific pricing focus of an RFQ, making it particularly useful for complex procurement needs where both technical capabilities and cost considerations are important. It must comply with Singapore's procurement laws and regulations, including the Government Procurement Act and Competition Act, while incorporating industry-specific requirements where applicable. The document typically includes detailed specifications, evaluation criteria, submission requirements, and terms and conditions, ensuring a transparent and fair selection process.
