Which term is used to solicit information from the supplier community?

Which term is used to solicit information from the supplier community?

• A. Request for Information
• B. Notice of Intent
• C. Letter of Interest
• D. Sole Source

Answer: (A)

This item checks how procurement teams gather input from the supplier community. A Request for Information is the term used to solicit information from suppliers. It’s issued to learn about market capabilities, potential solutions, and supplier qualifications without committing to a purchase, and it helps shape later steps like a Request for Proposal or Request for Quotation. A Notice of Intent is used to communicate that the buyer plans to proceed with a particular procurement, or to notify potential bidders that a contract will be pursued, rather than actively collecting information. A Letter of Interest is a less formal expression of interest in pursuing a project, not a structured information-gathering request. A Sole Source indicates awarding or pursuing a contract with a single supplier, which is a decision about who can supply, not about collecting market information.

This item checks how procurement teams gather input from the supplier community. A Request for Information is the term used to solicit information from suppliers. It’s issued to learn about market capabilities, potential solutions, and supplier qualifications without committing to a purchase, and it helps shape later steps like a Request for Proposal or Request for Quotation.

A Notice of Intent is used to communicate that the buyer plans to proceed with a particular procurement, or to notify potential bidders that a contract will be pursued, rather than actively collecting information. A Letter of Interest is a less formal expression of interest in pursuing a project, not a structured information-gathering request. A Sole Source indicates awarding or pursuing a contract with a single supplier, which is a decision about who can supply, not about collecting market information.