Understanding the difference between an RFP and RFI is important for not-for-profits looking to optimize their process for obtaining goods and services. A request for proposal (RFP), as the name implies, is a document that solicits bids from interested vendors to provide specified goods, services, or solutions to the issuing organization. A request for information (RFI) is a document that solicits information about vendors’ capabilities, services, or solutions.
Historically, nonprofit organizations have used RFPs to obtain professional services and assets,
Resources
RFP vs RFI for not-for-profits
Apr 30, 2025 · 3 min read
SECTION
EXCLUSIVE
Reserved for NFP Section Members
Already a NFP Section Member?
Log in with your account
Not a NFP Section Member?
To gain access to exclusive content, your first step is to join the AICPA & CIMA.
Discover the benefits of: