PLAN PROCUREMENT

Question: A Project Manager has submitted a formal document that describes the procurement item in sufficient detail. This document allows prospective sellers to determine if they are capable of providing the product and details methodology and results that will be provided to the buyer. What is this called? A. Invitation for Bid B. Request for Proposal C. Request for Quotation D. Contract Statement of Work Correct Option: B EXPLANATION FOR ANSWER: ------------------------------------------ A request for proposal (referred to as an RFP) is an invitation for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. An RFP requests a price but also a detailed proposal on how the work will be accomplished, who will do it, company experiences, etc. Option (a) 'Invitation for bid' is in general similar to an RFP. Option (c) 'Requests for quotation' requests a price quote per item or hour. ------------------------------------------------------------------------------------------------------------------------------------------- My doubts: 1st doubt: Does procurement SOW is different from Contract SOW? 2nd doubt; As per my understanding, in this question the document, that is being questioned/asked is the one which is submitted by the PM and give/allows prospective sellers to understand/determine if they are capable enough of providing the product. And not the document, which is prepared by the seller. Please correct me if my understanding is wrong. Although, after seeing the answer I'm feeling that my understanding is definitely wrong on this question. But, I'm unable to understand why my and where my understanding got wrong. Please help.