Comparison of the negotiation types:

Negotiatio RFI RFQ Auction

n Type
Characteris RFIs allow RFQs allow Auctions allow buyers to solicit bids
tics buyers to solicit buyers to collect for items and services that are
information quotes from clearly defined, for example, office
from suppliers suppliers for furniture and memory chips.
on the goods complex items Auctions are usually short in
and services the and services. duration and require a fast bidding
suppliers Suppliers submit process leading to a quick award.
provide. This a single quote
allows buyers to per round.
qualify a group Buyers review
of suppliers and the quotes, may
identify the amend the
suppliers to be supplier list, and
included later in submit the RFQ
the negotiation for subsequent
rounds of
negotiating. The
RFQ process is
typically longer
than an auction.
Response Response Quote Bid
Document
Style(s) Open, Blind, Blind, Sealed Open, Blind, Sealed
Sealed
Multiple Yes YesRFQ,s by Yes, if enabled through bid controls.
Rounds nature usually
Supported( lead to multiple
?) rounds.
Can Yes Yes Yes
Include
Multiple
Items?
Other  Attribut  Multiple  Multiple Bids If allowed by
e Based Quotes  buyer, bidders may submit
Bidding  The RFQ multiple bids.
RFIs use business  Proxy Bidding
 item process  Power Bidding
attributes allows  Attribute Based Bidding
to solicit suppliers  Cost Factors
item to submit  AutoExtend
informati a single  Manual Extend
on from quote per  Early Close
suppliers. round.  Minimum Bid Decrement/
 Manual  Attribut Increment
Extend/ e Based  Price Breaks
Early Bidding
Close Bu  Cost
yers can Factors
manually  Manual
extend Extend/
an RFI or Early
close an Close Bu
RFI yers can
earlier manually
than the extend
schedule an RFQ
d close or close
date. an RFQ
earlier
than the
schedule
d close
date.
 Price
Breaks
G. Purchase Order Acknowledgement
The Purpose of Supplier acknowledgment /Change Request
Once the Purchase Order is approved by KOTC, you will be notified through Oracle System (i.e. System
generated Auto Notification message), which please acknowledge back to kotc through Oracle system
only., (i.e. Do not reply for the received Auto Notification)
Navigate to the iSupplier full access responsibility