# How Do You Assign Weights to Different Criteria in an Rfp? ▴ Question

**Published:** 2025-08-07
**Categories:** Question

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![Interlocking transparent and opaque geometric planes on a dark surface. This abstract form visually articulates the intricate Market Microstructure of Institutional Digital Asset Derivatives, embodying High-Fidelity Execution through advanced RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/geometric-abstraction-of-institutional-digital-asset-derivatives-market-microstructure-driving-high-fidelity-execution-via-principal-rfq-protocols-and-optimal-liquidity-aggregation.jpg)

![A luminous digital market microstructure diagram depicts intersecting high-fidelity execution paths over a transparent liquidity pool. A central RFQ engine processes aggregated inquiries for institutional digital asset derivatives, optimizing price discovery and capital efficiency within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-principal-operational-framework-price-discovery.jpg)

## Concept

The process of assigning weights to criteria within a Request for Proposal (RFP) is the foundational act of translating strategic priorities into a quantitative, defensible decision-making framework. It is the mechanism by which an organization moves beyond subjective assessments and gut feelings to a structured, auditable system of evaluation. An RFP issued without meticulously weighted criteria is akin to a vessel without a rudder; it may drift toward a destination, but the path is inefficient and susceptible to external influences. The core purpose is to establish, from the outset, what truly matters to the project’s success and to ensure that every stakeholder and responding vendor understands the operational definition of value.

This is not a mere administrative checklist. It is the codification of an organization’s objectives. By assigning a specific numerical weight ▴ typically as a percentage of a whole ▴ to each evaluation category, a procurement team creates a clear and unambiguous language of importance. A criterion weighted at 40% is explicitly four times more significant to the final decision than one weighted at 10%.

This mathematical clarity forces a rigorous internal conversation among stakeholders, compelling them to confront trade-offs and reach a consensus on priorities before any proposals are even opened. The resulting weighted scorecard becomes the primary analytical tool, guiding evaluators to a conclusion that is data-driven, transparent, and legally defensible. It ensures that the final selection is not based on the most persuasive presentation or the lowest price, but on the best aggregate performance against a pre-defined and universally understood set of priorities.

> The weighting process transforms abstract requirements into a concrete scoring system, ensuring every vendor is measured by the same objective standard.

Ultimately, the practice of weighting is an exercise in strategic discipline. It provides the essential structure required to manage the inherent complexity of comparing multiple, multifaceted proposals. Each vendor submission presents a unique combination of strengths, weaknesses, features, and costs. Without a weighted system, evaluators are left to mentally juggle these variables, a process that is prone to cognitive biases and inconsistent judgments.

A well-defined weighting scheme removes this ambiguity, creating a level playing field where all proposals are systematically deconstructed and scored against the same benchmarks. This systematic evaluation ensures the chosen partner is the one that aligns most closely with the organization’s most critical needs, rather than the one that simply excels in a single, less important area.

![A central processing core with intersecting, transparent structures revealing intricate internal components and blue data flows. This symbolizes an institutional digital asset derivatives platform's Prime RFQ, orchestrating high-fidelity execution, managing aggregated RFQ inquiries, and ensuring atomic settlement within dynamic market microstructure, optimizing capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-trading-system-facilitating-high-fidelity-rfq-protocol-optimization-for-best-execution-and-atomic-settlement.jpg)

![A central engineered mechanism, resembling a Prime RFQ hub, anchors four precision arms. This symbolizes multi-leg spread execution and liquidity pool aggregation for RFQ protocols, enabling high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-framework-enabling-multi-leg-spread-strategies-for-optimized-liquidity.jpg)

## Strategy

Developing a strategy for weighting RFP criteria requires a structured approach that begins long before the RFP is issued. The initial and most critical phase is the internal alignment of stakeholders. This involves gathering representatives from every department that will be impacted by the procurement ▴ IT, finance, operations, legal, and end-users ▴ to define and categorize the full spectrum of requirements. This collaborative process uncovers the nuanced needs of the organization and forms the bedrock of the evaluation framework.

![Angular metallic structures intersect over a curved teal surface, symbolizing market microstructure for institutional digital asset derivatives. This depicts high-fidelity execution via RFQ protocols, enabling private quotation, atomic settlement, and capital efficiency within a prime brokerage framework](https://options.greeks.live/wp-content/uploads/2025/07/precision-execution-for-institutional-digital-asset-derivatives-via-rfq-protocol-microstructure-optimization.jpg)

## From Requirements to Weighted Categories

Once a comprehensive list of requirements is compiled, the next strategic step is to classify each item. A common and effective method is to categorize requirements into three tiers ▴ ‘must-haves,’ ‘nice-to-haves,’ and ‘informational.’ ‘Must-haves’ are non-negotiable elements, the absence of which would disqualify a vendor. ‘Nice-to-haves’ are features that add value but are not essential for core functionality. This prioritization is the direct input for assigning weights.

Sections of the RFP that contain a high concentration of ‘must-have’ requirements should naturally receive a higher percentage of the total weight. For example, in procuring a new enterprise software, the ‘Technical & Functional Capabilities’ and ‘Data Security’ sections will likely hold more weight than ‘Vendor Company Culture’.

These prioritized requirements are then grouped into logical evaluation categories. A typical structure might include:

- **Technical and Functional Fit** ▴ This category assesses the core capabilities of the proposed solution or service. It examines how well the offering meets the specified functional requirements, its scalability, and its integration capabilities. 

- **Cost and Financials** ▴ This extends beyond the initial price to include the [total cost of ownership](https://prime.greeks.live/area/total-cost-of-ownership/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (TCO), implementation fees, ongoing support costs, and payment terms. The vendor’s financial stability can also be a factor here. 

- **Vendor Experience and Reputation** ▴ This evaluates the vendor’s track record, industry experience, client references, and overall market reputation. It seeks to answer whether the vendor has successfully delivered similar projects in the past. 

- **Implementation and Support** ▴ This criterion assesses the vendor’s proposed project plan, implementation timeline, training programs, and the quality of their ongoing customer support, often defined by Service Level Agreements (SLAs). 

> A well-defined strategy ensures that the final score reflects the true value to the organization, preventing cost from disproportionately influencing a decision where technical capability is paramount.

The allocation of weights across these categories is the ultimate strategic decision. A common best practice is to make all weights sum to 100%, which simplifies calculation and makes the relative importance of each category immediately apparent. The specific allocation will vary dramatically based on the project. For a highly complex technology platform, the weighting might heavily favor technical fit, whereas for a commoditized service, cost might be the dominant factor.

![Precision metallic bars intersect above a dark circuit board, symbolizing RFQ protocols driving high-fidelity execution within market microstructure. This represents atomic settlement for institutional digital asset derivatives, enabling price discovery and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-execution-precision-systemic-framework.jpg)

## Comparative Weighting Models

Organizations can choose from several scoring models, each with strategic implications. The choice of model depends on the complexity of the procurement and the organization’s culture.

### Table 1 ▴ Comparison of RFP Scoring Methodologies

| Scoring Model | Description | Strategic Application |
| --- | --- | --- |
| Distinct Weightings | Each criterion is scored on a uniform scale (e.g. 1-5), and each score is multiplied by a predetermined weight. This is the most common and robust method. | Ideal for most complex RFPs where different criteria have varying levels of importance, such as technology purchases or strategic partnerships. |
| Pass/Fail Criteria | Used for non-negotiable requirements. Vendors either meet the minimum standard or they are eliminated from consideration. | Best used for mandatory requirements like security certifications, regulatory compliance, or essential technical specifications to quickly narrow the field of eligible vendors. |
| Lowest Cost Compliant | Proposals must first pass a minimum technical score to be considered compliant. Among the compliant proposals, the one with the lowest cost is selected. | Suitable for procurements where the technical requirements are standardized and easily met, making price the primary differentiator. |
| Basic Scoring | Each criterion is scored on a scale (e.g. 1-10), but all criteria carry equal weight. No multiplication is involved. | Appropriate only for very simple, low-risk purchases where all criteria are genuinely of equal importance. Its use is generally discouraged for complex projects. |

The final element of the strategy is transparency. It is a widely held best practice to include the [evaluation criteria](https://prime.greeks.live/question/how-can-an-organization-determine-the-appropriate-weighting-for-evaluation-criteria-in-an-rfp/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and their respective weights directly in the RFP document. This transparency signals a fair and structured process to vendors, enabling them to tailor their proposals to address the areas that matter most to the organization. This leads to higher-quality, more relevant responses and a more efficient evaluation process.

![Intersecting metallic structures symbolize RFQ protocol pathways for institutional digital asset derivatives. They represent high-fidelity execution of multi-leg spreads across diverse liquidity pools](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-framework-optimizing-multi-leg-spreads-and-liquidity-aggregation-for-best-execution.jpg)

![Central, interlocked mechanical structures symbolize a sophisticated Crypto Derivatives OS driving institutional RFQ protocol. Surrounding blades represent diverse liquidity pools and multi-leg spread components](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-architecture-optimizing-high-fidelity-execution-across-diverse-liquidity-pools.jpg)

## Execution

The execution phase of a weighted [RFP evaluation](https://prime.greeks.live/area/rfp-evaluation/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) translates the defined strategy into a rigorous, operational process. The central tool for this execution is the RFP [scoring matrix](https://prime.greeks.live/area/scoring-matrix/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) or scorecard. This document, often built in a spreadsheet or specialized procurement software, operationalizes the criteria and weights, providing a structured canvas for evaluators to record their assessments consistently.

![A dark central hub with three reflective, translucent blades extending. This represents a Principal's operational framework for digital asset derivatives, processing aggregated liquidity and multi-leg spread inquiries](https://options.greeks.live/wp-content/uploads/2025/07/institutional-rfq-protocol-engine-for-high-fidelity-digital-asset-derivatives.jpg)

## Constructing the Evaluation Scorecard

The scorecard is more than a simple checklist; it is a detailed analytical instrument. Its construction begins by listing all the weighted categories and the specific, scorable questions within each. For each question, a clear scoring scale must be established. A 1-5 scale is common, but its meaning must be explicitly defined in a [scoring rubric](https://prime.greeks.live/area/scoring-rubric/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) to ensure all evaluators interpret it identically. 

A sample scoring rubric might look like this:

- **5** ▴ Exceeds requirements; provides significant added value.

- **4** ▴ Meets all requirements.

- **3** ▴ Meets most requirements; minor compromises needed.

- **2** ▴ Meets some requirements; significant gaps exist.

- **1** ▴ Does not meet requirements.

With the rubric defined, the scorecard can be built. The core calculation for each criterion is straightforward ▴ Raw Score x Weight = [Weighted Score](https://prime.greeks.live/question/how-does-the-effectiveness-of-an-rfq-toxicity-score-change-across-different-asset-classes-like-equities-versus-fixed-income/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). The sum of all weighted scores for a vendor provides their total score, allowing for direct, data-backed comparison.

> A detailed scoring matrix removes ambiguity, forcing a disciplined evaluation that can be audited and defended.

![A sophisticated institutional digital asset derivatives platform unveils its core market microstructure. Intricate circuitry powers a central blue spherical RFQ protocol engine on a polished circular surface](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-prime-os-unveiling-rfq-protocol-engine-market-microstructure-for-optimal-price-discovery-and-high-fidelity-execution.jpg)

## Practical Application a Scoring Scenario

Imagine an organization is selecting a new Customer Relationship Management (CRM) platform. The evaluation team has established its weights and is now scoring three vendors ▴ TechCorp, SalesMax, and CloudCRM. The following table illustrates the execution of the [weighted scoring](https://prime.greeks.live/area/weighted-scoring/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) model.

### Table 2 ▴ Sample RFP Weighted Scoring Matrix for a CRM Platform

| Evaluation Criterion | Weight (%) | TechCorp Score (1-5) | TechCorp Weighted Score | SalesMax Score (1-5) | SalesMax Weighted Score | CloudCRM Score (1-5) | CloudCRM Weighted Score |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Technical Capability | 40% | 4 | 1.60 | 3 | 1.20 | 5 | 2.00 |
| Cost (TCO) | 25% | 3 | 0.75 | 5 | 1.25 | 2 | 0.50 |
| Vendor Experience | 20% | 5 | 1.00 | 3 | 0.60 | 4 | 0.80 |
| Implementation Timeline | 10% | 2 | 0.20 | 4 | 0.40 | 3 | 0.30 |
| Support Quality | 5% | 4 | 0.20 | 3 | 0.15 | 5 | 0.25 |
| Total Score | 100% | | 3.75 | | 3.60 | | 3.85 |

In this scenario, CloudCRM emerges as the winner with a score of 3.85. This outcome is significant because SalesMax offered the best price (scoring a 5 in Cost), and TechCorp had the best experience (scoring a 5). However, because Technical Capability was the most heavily weighted criterion (40%), CloudCRM’s superior functionality (scoring a 5) propelled it to the top, despite being the most expensive option. This example, adapted from Prokuria and Responsive , demonstrates the power of the weighted model to ensure the final decision aligns with the organization’s stated priorities.

![A blue speckled marble, symbolizing a precise block trade, rests centrally on a translucent bar, representing a robust RFQ protocol. This structured geometric arrangement illustrates complex market microstructure, enabling high-fidelity execution, optimal price discovery, and efficient liquidity aggregation within a principal's operational framework for institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-institutional-rfq-execution-framework-optimizing-digital-asset-derivatives-liquidity-aggregation-across-complex-market-microstructure.jpg)

## Operational Best Practices and Pitfalls

A successful execution relies on maintaining discipline throughout the process.

- **Maintain Consistency** ▴ The evaluation criteria and weights must remain fixed once the RFP is issued. Changing the rules mid-process undermines the fairness and integrity of the evaluation and can open the organization to legal challenges. 

- **Engage Stakeholders Individually** ▴ Have evaluators score proposals independently before convening as a group. This prevents “groupthink” and ensures that all perspectives, especially from subject matter experts in areas like IT or finance, are captured without being influenced by louder voices. 

- **Document Everything** ▴ Meticulous documentation is crucial. Evaluators should not only provide a numerical score but also a brief written justification for that score. This creates a clear audit trail and provides substantive feedback for both successful and unsuccessful vendors. 

- **Discuss Discrepancies** ▴ When individual evaluators’ scores for the same item vary significantly, it signals a point for discussion. The goal is not to force consensus but to understand the different interpretations and ensure the final scores are defensible and well-reasoned. 

![Geometric forms with circuit patterns and water droplets symbolize a Principal's Prime RFQ. This visualizes institutional-grade algorithmic trading infrastructure, depicting electronic market microstructure, high-fidelity execution, and real-time price discovery](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-engine-prime-os-microstructure-analytics.jpg)

## References

- Euna Solutions. “RFP Evaluation Criteria ▴ Everything You Need to Know.” Euna Solutions, Accessed August 7, 2025.

- Prokuria. “How to do RFP scoring ▴ Step-by-step Guide.” Prokuria, 12 June 2025.

- Symms, RD. “A Guide to RFP Evaluation Criteria ▴ Basics, Tips, and Examples.” Responsive, 14 January 2021.

- Symms, RD. “RFP Weighted Scoring Demystified ▴ How-to Guide and Examples.” Responsive, 16 September 2022.

- Linsley, Rod. “How to set up an RFP scoring system (Free Template Included).” Gatekeeper, 8 February 2024.

![A sleek cream-colored device with a dark blue optical sensor embodies Price Discovery for Digital Asset Derivatives. It signifies High-Fidelity Execution via RFQ Protocols, driven by an Intelligence Layer optimizing Market Microstructure for Algorithmic Trading on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-high-fidelity-execution-engine-optimized-rfq-protocols-prime-os-intelligence-layer.jpg)

## Reflection

![A futuristic, metallic structure with reflective surfaces and a central optical mechanism, symbolizing a robust Prime RFQ for institutional digital asset derivatives. It enables high-fidelity execution of RFQ protocols, optimizing price discovery and liquidity aggregation across diverse liquidity pools with minimal slippage](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-platform-for-institutional-digital-asset-derivatives-rfq-protocol-optimized-execution-management-system-with-robust-liquidity-sourcing.jpg)

## A System of Strategic Intent

Adopting a weighted evaluation framework is an investment in decision-making clarity. The process, while demanding, yields a result that is not only quantitatively sound but also a direct reflection of collective strategic intent. The scorecard is the final output, but the true value lies in the preceding journey ▴ the rigorous internal debates, the forced prioritization of needs, and the alignment of disparate stakeholders around a unified definition of success. Consider how this structured approach might be applied not just to procurement, but to other complex business decisions.

Where else can the discipline of assigning value and weight bring clarity to an otherwise subjective process? The framework is a tool for selection, but its underlying principles are a model for strategic focus.

![Abstract layers and metallic components depict institutional digital asset derivatives market microstructure. They symbolize multi-leg spread construction, robust FIX Protocol for high-fidelity execution, and private quotation](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-digital-asset-derivatives-rfq-protocol-high-fidelity-execution.jpg)

## Glossary

<a href="https://prime.greeks.live/area/total-cost-of-ownership/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract geometric planes delineate distinct institutional digital asset derivatives liquidity pools. Stark contrast signifies market microstructure shift via advanced RFQ protocols, ensuring high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-execution-protocol-integrating-rfq-liquidity-and-advanced-market-microstructure.jpg)

## Total Cost of Ownership

Meaning ▴ Total Cost of Ownership (TCO) represents a comprehensive financial estimate encompassing all direct and indirect expenditures associated with an asset or system throughout its entire operational lifecycle. </a><a href="https://prime.greeks.live/question/how-can-an-organization-determine-the-appropriate-weighting-for-evaluation-criteria-in-an-rfp/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Geometric shapes symbolize an institutional digital asset derivatives trading ecosystem. A pyramid denotes foundational quantitative analysis and the Principal's operational framework](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-execution-system-microstructure.jpg)

## Evaluation Criteria

An RFP's evaluation criteria weighting is the strategic calibration of a decision-making architecture to deliver an optimal, defensible outcome. </a><a href="https://prime.greeks.live/area/rfp-evaluation/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished, dark teal institutional-grade mechanism reveals an internal beige interface, precisely deploying a metallic, arrow-etched component. This signifies high-fidelity execution within an RFQ protocol, enabling atomic settlement and optimized price discovery for institutional digital asset derivatives and multi-leg spreads, ensuring minimal slippage and robust capital efficiency](https://options.greeks.live/wp-content/uploads/2025/08/quantitative-finance-driven-rfq-workflow-for-best-execution-in-digital-assets.jpg)

## Rfp Evaluation

Meaning ▴ RFP Evaluation denotes the structured, systematic process undertaken by an institutional entity to assess and score vendor proposals submitted in response to a Request for Proposal, specifically for technology and services pertaining to institutional digital asset derivatives. </a><a href="https://prime.greeks.live/area/scoring-matrix/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Precision-engineered metallic tracks house a textured block with a central threaded aperture. This visualizes a core RFQ execution component within an institutional market microstructure, enabling private quotation for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-framework-precision-microstructure-component.jpg)

## Scoring Matrix

Meaning ▴ A scoring matrix is a computational construct assigning quantitative values to inputs within automated decision frameworks. </a><a href="https://prime.greeks.live/area/scoring-rubric/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Two sleek, pointed objects intersect centrally, forming an 'X' against a dual-tone black and teal background. This embodies the high-fidelity execution of institutional digital asset derivatives via RFQ protocols, facilitating optimal price discovery and efficient cross-asset trading within a robust Prime RFQ, minimizing slippage and adverse selection](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-prime-os-microstructure.jpg)

## Scoring Rubric

Meaning ▴ A Scoring Rubric represents a meticulously structured evaluation framework, comprising a defined set of criteria and associated weighting mechanisms, employed to objectively assess the performance, compliance, or quality of a system, process, or entity, often within the rigorous context of institutional digital asset operations or algorithmic execution performance assessment. </a><a href="https://prime.greeks.live/question/how-does-the-effectiveness-of-an-rfq-toxicity-score-change-across-different-asset-classes-like-equities-versus-fixed-income/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An abstract geometric composition visualizes a sophisticated market microstructure for institutional digital asset derivatives. A central liquidity aggregation hub facilitates RFQ protocols and high-fidelity execution of multi-leg spreads](https://options.greeks.live/wp-content/uploads/2025/07/optimized-rfq-execution-framework-for-digital-asset-derivatives-trading.jpg)

## Weighted Score

An RFQ toxicity score's efficacy shifts from gauging market impact in equities to pricing information asymmetry in opaque fixed income markets. </a><a href="https://prime.greeks.live/area/weighted-scoring/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A dark, robust sphere anchors a precise, glowing teal and metallic mechanism with an upward-pointing spire. This symbolizes institutional digital asset derivatives execution, embodying RFQ protocol precision, liquidity aggregation, and high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-microstructure-1.jpg)

## Weighted Scoring

Meaning ▴ Weighted Scoring defines a computational methodology where multiple input variables are assigned distinct coefficients or weights, reflecting their relative importance, before being aggregated into a single, composite metric. </a>

**Tags:** [Vendor Selection](https://options.greeks.live/area/vendor-selection/), [Pass/Fail Criteria](https://options.greeks.live/area/pass-fail-criteria/), [Strategic Sourcing](https://options.greeks.live/area/strategic-sourcing/), [RFP Evaluation Criteria](https://options.greeks.live/area/rfp-evaluation-criteria/), [Total Cost of Ownership](https://options.greeks.live/area/total-cost-of-ownership/), [Procurement Process](https://options.greeks.live/area/procurement-process/)	

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### [What Are the Key Differences in the Evaluation Criteria between a Request for Proposal and a Request for Quote?](https://options.greeks.live/question/what-are-the-key-differences-in-the-evaluation-criteria-between-a-request-for-proposal-and-a-request-for-quote/)
![Parallel marked channels depict granular market microstructure across diverse institutional liquidity pools. A glowing cyan ring highlights an active Request for Quote RFQ for precise price discovery. A metallic probe signifies an algorithmic trading engine performing high-fidelity execution and atomic settlement.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-high-fidelity-execution-3.jpg)

An RFQ's evaluation is a quantitative validation of price, while an RFP's is a qualitative assessment of value and strategic fit.

- 
### [When Is It Appropriate to Use a Pass Fail System Instead of a Weighted Scoring Model in an Rfp?](https://options.greeks.live/question/when-is-it-appropriate-to-use-a-pass-fail-system-instead-of-a-weighted-scoring-model-in-an-rfp/)
![A sleek blue and white mechanism with a focused lens symbolizes Pre-Trade Analytics for Digital Asset Derivatives. A glowing turquoise sphere represents a Block Trade within a Liquidity Pool, demonstrating High-Fidelity Execution via RFQ protocol for Price Discovery in Dark Pool Market Microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/advanced-institutional-digital-asset-derivatives-rfq-execution-system-for-optimal-price-discovery-and-high-fidelity-execution.jpg)

A pass/fail system enforces absolute compliance, while a weighted model discerns relative value to identify the optimal strategic fit.

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---

**Original URL:** https://options.greeks.live/question/how-do-you-assign-weights-to-different-criteria-in-an-rfp/
