What is necessary for vendors selected through an RFQ process?

The necessity for vendors selected through a Request for Qualifications (RFQ) process centers on the evaluation of their competency and experience. An RFQ is primarily used to gather qualifications from potential vendors to assess their ability to perform a specific service or project. This qualification-based selection process prioritizes factors such as the vendor's past performance, expertise in the relevant field, technical capabilities, and overall experience.

In this context, emphasizing a vendor's competency and experience ensures that the organization selects a vendor that can effectively meet the requirements of the project. This approach helps to mitigate risks associated with selecting vendors based solely on cost, which may not always result in the highest quality of service or outcome. The RFQ process is structured to ensure that the organization engages vendors who have demonstrated the necessary skills and qualifications rather than focusing solely on pricing or contract negotiations at the outset.