The RFP or RFI question for not-for-profits

Understanding the difference between an RFP and RFI is important for not-for-profits looking to optimize their process for obtaining goods and services. A request for proposal (RFP), as the name implies, is a document that solicits bids from interested vendors to provide specified goods, services, or solutions to the issuing organization. A request for information (RFI) is a document that solicits information about vendors’ capabilities, services, or solutions.

Historically, nonprofit organizations have used RFPs to obtain professional services and assets,