Procurement Acronym Dictionary
Instant plain-English explanations for procurement terms and acronyms.
ITT — Invitation to Tender
The formal document inviting suppliers to submit a priced, compliant bid.
Full definitionRFP — Request for Proposal
A request asking suppliers to propose a solution as well as a price.
Full definitionRFQ — Request for Quotation
A price-led request against a clearly specified requirement.
Full definitionSQ — Selection Questionnaire
The pre-qualification stage assessing supplier suitability before tendering.
Full definitionPQQ — Pre-Qualification Questionnaire
The legacy term for the supplier selection stage.
Full definitionMEAT — Most Economically Advantageous Tender
The combined quality and price assessment used to select a winner.
Full definitionStandstill Period
A mandatory pause between award decision and contract signature.
Full definitionFTS — Find a Tender Service
The UK service publishing higher-value public procurement notices.
Full definition