CATEGORY | December 4, 2019

The execution of a construction project heavily relies on making purchases. While it’s no mystery that budgeting and cost control are vital aspects of construction management, the actual act of making purchases is important in and of itself. Whether we’re purchasing material and equipment or contracting out a portion of our work, there’s an art and a science behind the procurement process of a project. Within this process are some common acronyms, specifically RFP and RFQ. What do RFP and RFQ mean in construction? That’s what we’re exploring in this article. We’re also giving away a FREE RFP Word template – scroll to download section!