1. What is Expression of Interest?
A request for potential suppliers of goods and/or services to register their interest in supplying them. Expression of Interest (EOI) is a document that describes requirements or specifications and seeks information from potential providers demonstrating their ability to meet those requirements.
2. What is Request for Proposal?
A request for proposal (RFP) is a business document that announces, describes, and solicits bids for the completion of a project. RFPs are preferred by most organizations and are always used by many governments. When using an RFP, the entity requesting bids is responsible for evaluating the feasibility of the bids submitted, the financial health of the bidding companies, and the ability of each bidder to complete the project.