In accordance with Financial Rule 105.14 the competitive process shall, as necessary, include formal methods of solicitation, utilizing Invitations to Bid (ITBs) or Requests for Proposals (RFPs) on the basis of advertisement or direct solicitation of invited suppliers, or informal methods of solicitation such as Requests for Quotations (RFQs). For these three standard types of solicitation documents templates are available. Each is used for a different type of procurement. The selection of the appropriate type of solicitation document shall be based on:
The four principles of Financial Regulation 5.12
Specific operational environment
Market conditions
Technical considerations of the goods, services or works being procured
