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EPC procurement Archives - Projectmaterials

What Means RFQ? Request for Quote…

What is a request for quote (RFQ)? And what is the difference between RFQ vs. RFP (request for proposal) and RFI (request for information)? In this article, we explain these terms, which refer to documents issued in different stages of the procurement process in plant project business. RFQ MEANING The term RFQ stands for “request… read more »

Purchase Order and Order Confirmation

A purchase order is a binding document issued by the procurement department for a supplier, stating the terms under which a purchase is made. An order confirmation is a document issued by a seller confirming, to the buyer, the acceptance of a purchase order. Any discrepancy between the purchase order and the order confirmation shall… read more »

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