# How Does a Request for Tender (RFT) Differ from an RFP? ▴ Question

**Published:** 2025-08-05
**Categories:** Question

---

![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 sophisticated mechanism depicting the high-fidelity execution of institutional digital asset derivatives. It visualizes RFQ protocol efficiency, real-time liquidity aggregation, and atomic settlement within a prime brokerage framework, optimizing market microstructure for multi-leg spreads](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-protocol-execution-liquidity-aggregation-system.jpg)

## Concept

An organization’s procurement architecture is a direct reflection of its operational philosophy. The selection of a protocol for engaging with the market is a foundational decision that dictates the flow of information, the allocation of risk, and the very structure of supplier relationships. Viewing the distinction between a [Request for Tender](https://prime.greeks.live/area/request-for-tender/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (RFT) and a [Request for Proposal](https://prime.greeks.live/area/request-for-proposal/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (RFP) through this lens reveals a core choice ▴ are you acquiring a known quantity or are you seeking to solve a complex problem? The answer to that question determines which communication and evaluation protocol is appropriate for the system you are building.

An RFT operates as a highly structured, rigid protocol designed for precision and price discovery when the requirements are quantified and unchangeable. It functions on the premise that the procuring entity possesses complete knowledge of the solution. The organization has already engineered the specifications and now seeks the most efficient and cost-effective execution partner.

The information flow is largely one-way; the buyer transmits a complete and unambiguous set of requirements, and the supplier responds with a binding price and a commitment to deliver against those exact specifications. This protocol is architected for clarity, fairness, and the minimization of ambiguity, making it a cornerstone of public sector and large-scale construction procurement where transparency and adherence to predefined standards are paramount.

> A Request for Tender is deployed when the ‘what’ is precisely defined and the primary variable for competition is ‘how much’.

Conversely, an RFP protocol is architected for exploration and collaboration. It is initiated when an organization has identified a need or a challenge but does not possess the specific solution. The RFP document outlines the problem, the strategic objectives, and the desired outcomes, effectively inviting the market to co-author the solution. The information flow is dialogic.

The buyer presents a problem, and potential suppliers respond with comprehensive proposals that detail their unique approach, methodology, technology, and value proposition. This process is inherently more complex, involving a multi-faceted evaluation of factors like innovation, technical expertise, and long-term partnership potential. It is the protocol of choice for acquiring complex services, software, or strategic consulting where the quality of the solution is a primary driver of value.

![A sleek, bimodal digital asset derivatives execution interface, partially open, revealing a dark, secure internal structure. This symbolizes high-fidelity execution and strategic price discovery via institutional RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocols-price-discovery.jpg)

![Central metallic hub connects beige conduits, representing an institutional RFQ engine for digital asset derivatives. It facilitates multi-leg spread execution, ensuring atomic settlement, optimal price discovery, and high-fidelity execution within a Prime RFQ for capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-digital-asset-derivatives-rfq-protocol-execution-hub.jpg)

## Strategy

The strategic decision to deploy an RFT versus an RFP is a critical fork in the procurement pathway. This choice establishes the framework for competition, defines the terms of engagement, and ultimately shapes the outcome of the procurement cycle. Understanding the strategic implications of each protocol allows an organization to align its procurement methodology with its overarching business objectives, whether they are centered on cost control, innovation, or risk management.

![A sophisticated digital asset derivatives trading mechanism features a central processing hub with luminous blue accents, symbolizing an intelligence layer driving high fidelity execution. Transparent circular elements represent dynamic liquidity pools and a complex volatility surface, revealing market microstructure and atomic settlement via an advanced RFQ protocol](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-framework-optimizing-market-microstructure-price-discovery-intelligence-layer.jpg)

## Defining the Axis of Competition

The fundamental strategic difference lies in the axis upon which suppliers are asked to compete. An RFT establishes price as the primary competitive axis for a known specification. An RFP, in contrast, creates a multi-dimensional competitive environment where suppliers vie on solution quality, innovation, and expertise. The [RFT process](https://prime.greeks.live/area/rft-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is designed to neutralize variables; the RFP process is designed to leverage them.

For an RFT, the strategy is to commoditize the supply to drive down costs. For an RFP, the strategy is to differentiate the supply to drive up value.

> Choosing between these protocols is a strategic act that defines whether you are buying a product or commissioning a solution.

This distinction is critical. An organization seeking to build a data center with a complete set of architectural blueprints and material specifications would strategically deploy an RFT. The goal is to find a qualified builder who can execute the plan at the best possible price.

An organization seeking to develop a new enterprise software platform to improve operational efficiency would issue an RFP. The goal is to find a technology partner who can diagnose the underlying challenges and propose a robust, innovative software solution.

![A sharp, multi-faceted crystal prism, embodying price discovery and high-fidelity execution, rests on a structured, fan-like base. This depicts dynamic liquidity pools and intricate market microstructure for institutional digital asset derivatives via RFQ protocols, powered by an intelligence layer for private quotation](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-price-discovery-execution.jpg)

## How Does the Supplier Relationship Differ Strategically?

The choice of protocol sends a clear signal to the market about the type of relationship the buyer intends to have. An RFT signals a transactional relationship. The engagement is defined by the terms of the contract and centers on the delivery of specific goods or services. The process is formal and at arm’s length to ensure fairness and transparency.

An RFP signals a potential strategic partnership. The process itself is a form of due diligence, allowing the buyer to assess the supplier’s culture, problem-solving capabilities, and potential for a long-term collaborative relationship. The evaluation of an RFP often includes interviews and presentations, fostering a deeper level of engagement before any contract is signed.

The table below outlines the core strategic differences between the two protocols.

| Strategic Dimension | Request for Tender (RFT) | Request for Proposal (RFP) |
| --- | --- | --- |
| Primary Goal | Procure specific goods or services at the best price. | Find the optimal solution to a complex problem or need. |
| Scope Definition | Rigid and precisely defined by the buyer. | Flexible and outcome-focused; defined by the buyer’s problem. |
| Basis of Award | Primarily price and compliance with specifications. | Holistic value, including innovation, expertise, approach, and price. |
| Supplier Role | Executor of a predefined task. | Strategic partner and problem-solver. |
| Information Flow | One-way ▴ Buyer provides specifications, Supplier provides price. | Two-way ▴ Buyer presents a problem, Supplier proposes a solution. |
| Risk Allocation | Risk of poor specification lies with the buyer; risk of non-performance lies with the supplier. | Risk is shared; the supplier takes on risk for the proposed solution’s effectiveness. |

![A macro view reveals the intricate mechanical core of an institutional-grade system, symbolizing the market microstructure of digital asset derivatives trading. Interlocking components and a precision gear suggest high-fidelity execution and algorithmic trading within an RFQ protocol framework, enabling price discovery and liquidity aggregation for multi-leg spreads on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-system-precision-engine.jpg)

## Common Use Cases

- **RFT Use Cases** ▴ This protocol is most effective in scenarios where the requirements are clear, quantifiable, and stable.

<li>Construction projects with detailed architectural and engineering plans.

- Procurement of standardized equipment or materials (e.g. vehicles, computer hardware).

- Government contracts for public works where fairness and transparency are legally mandated.

</li>
- **RFP Use Cases** ▴ This protocol is suited for situations where the solution is not predetermined and collaboration is required.

<li>Hiring a marketing agency to develop a new brand strategy.

- Selecting a vendor for a complex IT system implementation or custom software development.

- Outsourcing complex business processes or seeking long-term consulting services.

</li>

![Institutional-grade infrastructure supports a translucent circular interface, displaying real-time market microstructure for digital asset derivatives price discovery. Geometric forms symbolize precise RFQ protocol execution, enabling high-fidelity multi-leg spread trading, optimizing capital efficiency and mitigating systemic risk](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-request-for-quote-protocol-high-fidelity-execution-market-microstructure-intelligence-layer.jpg)

![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](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-high-fidelity-execution-3.jpg)

## Execution

The execution phase of an RFT or RFP is a structured sequence of events governed by the logic of the chosen protocol. A failure to adhere to the correct procedural architecture can lead to suboptimal outcomes, legal challenges, and a breakdown in supplier trust. Mastering the execution of each requires a deep understanding of their distinct operational flows and documentation requirements.

![A complex core mechanism with two structured arms illustrates a Principal Crypto Derivatives OS executing RFQ protocols. This system enables price discovery and high-fidelity execution for institutional digital asset derivatives block trades, optimizing market microstructure and capital efficiency via private quotations](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-digital-asset-derivatives-rfq-execution-protocol-system.jpg)

## The RFT Operational Playbook

The execution of an RFT is a formal, linear [process designed](https://prime.greeks.live/question/what-are-the-core-components-of-a-technology-architecture-designed-to-report-nia-rfq-responses-to-cat/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) to ensure fairness and comparability. The emphasis is on procedural correctness and strict adherence to the documented rules. Any deviation can compromise the integrity of the tender.

- **Preparation of Tender Documents** ▴ The buyer’s project team prepares a comprehensive package that includes an invitation to tender, detailed technical specifications, a draft contract, response forms (schedules), and clear evaluation criteria.

- **Issuance of Tender** ▴ The RFT is formally issued, often publicly, to attract a wide range of bidders. A specific deadline for submission is set and strictly enforced.

- **Clarification Period** ▴ Bidders are given a set period to ask questions. All questions and answers are typically shared with all bidders to maintain a level playing field.

- **Tender Submission** ▴ Bidders submit their sealed tenders by the deadline. Late submissions are almost universally rejected. The offer submitted is legally binding.

- **Evaluation** ▴ Tenders are opened and evaluated against the predefined criteria. This is often a two-stage process ▴ first for compliance with mandatory requirements, then for scoring on weighted criteria, which are heavily focused on price.

- **Award and Contract** ▴ The contract is awarded to the bidder who provides the best value, most often the lowest compliant price. Negotiations are typically minimal and confined to clarifying minor points in the draft contract.

![A sophisticated control panel, featuring concentric blue and white segments with two teal oval buttons. This embodies an institutional RFQ Protocol interface, facilitating High-Fidelity Execution for Private Quotation and Aggregated Inquiry](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-rfq-protocol-interface-for-digital-asset-derivatives-execution.jpg)

## The RFP Execution Framework

The execution of an RFP is a more dynamic and iterative process. It is designed to facilitate communication and allow for a deeper assessment of a supplier’s capabilities beyond their written proposal.

- **Problem Definition** ▴ The buyer’s team focuses on articulating the business problem, strategic goals, constraints, and desired outcomes. The RFP document is less about specification and more about context.

- **Issuance of Proposal** ▴ The RFP is often sent to a pre-qualified list of vendors who are believed to possess the requisite expertise to solve the problem.

- **Supplier Engagement** ▴ This phase is more interactive than in an RFT. It may include bidders’ conferences, one-on-one Q&A sessions, and requests for additional information to help suppliers refine their proposals.

- **Proposal Submission** ▴ Suppliers submit detailed proposals that outline their understanding of the problem, their proposed solution, project team, timeline, and a complete financial bid.

- **Multi-Stage Evaluation** ▴ The evaluation is complex and multi-staged.

<li>**Shortlisting** ▴ A review committee creates a shortlist based on the written proposals.

- **Presentations and Demos** ▴ Shortlisted vendors are typically invited to present their solutions and demonstrate their capabilities. This is a critical step for assessing the team and the viability of the proposed solution.

- **Due Diligence** ▴ The buyer may conduct reference checks and financial viability assessments of the top-ranked vendors.

</li>
- **Negotiation and Selection** ▴ The buyer enters into detailed negotiations with one or more preferred proponents. This negotiation often refines the scope, timeline, and pricing before a final partner is selected and a contract is co-created.

![Diagonal composition of sleek metallic infrastructure with a bright green data stream alongside a multi-toned teal geometric block. This visualizes High-Fidelity Execution for Digital Asset Derivatives, facilitating RFQ Price Discovery within deep Liquidity Pools, critical for institutional Block Trades and Multi-Leg Spreads on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-digital-asset-derivatives-rfq-execution-optimization-leveraging-proprietary-institutional-prime-os-for-optimal-price-discovery-and-latency-reduction.jpg)

## What Are the Key Documentation Differences?

The documents themselves embody the core logic of each protocol. A well-structured document is essential for successful execution.

> The RFT document is a blueprint; the RFP document is a briefing.

| Document Section | Typical in a Request for Tender (RFT) | Typical in a Request for Proposal (RFP) |
| --- | --- | --- |
| Core Focus | Detailed technical specifications, drawings, and material requirements. | Problem statement, business objectives, and desired outcomes. |
| Supplier Instructions | Prescriptive instructions on how to fill out pricing schedules and compliance forms. | Guidance on the expected structure and content of the proposed solution. |
| Evaluation Criteria | Heavily weighted towards price, delivery time, and compliance with mandatory terms. | Balanced scorecard including technical merit, vendor experience, innovation, and price. |
| Contract | A nearly complete draft contract is included, with little room for negotiation. | Key commercial and legal terms are outlined, but the final contract is negotiated. |

![A precision-engineered metallic institutional trading platform, bisected by an execution pathway, features a central blue RFQ protocol engine. This Crypto Derivatives OS core facilitates high-fidelity execution, optimal price discovery, and multi-leg spread trading, reflecting advanced market microstructure](https://options.greeks.live/wp-content/uploads/2025/08/precision-engineered-institutional-digital-asset-derivatives-execution-core-facilitating-rfq-protocol-driven-optimal-price-discovery-and-multi-leg-spread-trading-for-capital-efficiency.jpg)

## References

- Badenhorst, N. Tendering and Contracting Guidelines. Juta and Company Ltd, 2013.

- Fleming, Q. W. Project Procurement Management ▴ Contracting, Subcontracting, Teaming. FMC Press, 2003.

- Garrett, G. A. World Class Contracting. CCH Incorporated, 2007.

- Gregory, W. L. The Request for Proposal ▴ A Guide to Effective RFP Development. Addison-Wesley, 2012.

- Holtz, H. The Consultant’s Guide to Winning Clients. John Wiley & Sons, 2008.

- National Audit Office. Improving Public Sector Purchasing. The Stationery Office, 2004.

- Poon, J. and J. M. Pottage. Construction Contracts in Hong Kong ▴ A Practical Guide. Hong Kong University Press, 2012.

- Sollish, F. and J. Semanik. The Procurement and Supply Manager’s Desk Reference. John Wiley & Sons, 2011.

![Precision instrument featuring a sharp, translucent teal blade from a geared base on a textured platform. This symbolizes high-fidelity execution of institutional digital asset derivatives via RFQ protocols, optimizing market microstructure for capital efficiency and algorithmic trading on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-algorithmic-execution-infrastructure-for-institutional-digital-asset-derivatives-request-for-quote-protocols-optimal-liquidity.jpg)

## Reflection

![Four sleek, rounded, modular components stack, symbolizing a multi-layered institutional digital asset derivatives trading system. Each unit represents a critical Prime RFQ layer, facilitating high-fidelity execution, aggregated inquiry, and sophisticated market microstructure for optimal price discovery via RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/modular-institutional-crypto-derivatives-trading-system-components.jpg)

## Architecting Your Procurement System

The exploration of these two fundamental protocols leads to a critical point of introspection. The choice is more than a procedural formality; it is an act of institutional design. It prompts a deeper examination of your organization’s internal capabilities and strategic posture.

Do you possess the deep technical expertise to specify a solution down to its last component, making an RFT the logical choice for efficient execution? Or is your strength in defining strategic objectives, requiring the collaborative innovation that an RFP process invites?

Consider the system you currently operate. Was it designed with intent, or has it evolved through a series of ad-hoc decisions? A truly effective procurement architecture is one that is consciously aligned with the organization’s strategic goals.

It provides the right tools for the right tasks, ensuring that whether you are seeking price efficiency for a known commodity or innovative solutions for a complex challenge, your engagement with the market is precise, effective, and purpose-driven. The framework you build dictates the answers you receive.

![A sleek, two-toned dark and light blue surface with a metallic fin-like element and spherical component, embodying an advanced Principal OS for Digital Asset Derivatives. This visualizes a high-fidelity RFQ execution environment, enabling precise price discovery and optimal capital efficiency through intelligent smart order routing within complex market microstructure and dark liquidity pools](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-optimizing-market-microstructure-for-high-fidelity-execution-and-capital-efficiency.jpg)

## Glossary

<a href="https://prime.greeks.live/area/request-for-proposal/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A futuristic metallic optical system, featuring a sharp, blade-like component, symbolizes an institutional-grade platform. It enables high-fidelity execution of digital asset derivatives, optimizing market microstructure via precise RFQ protocols, ensuring efficient price discovery and robust portfolio margin](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-for-high-fidelity-rfq-execution-and-optimal-price-discovery.jpg)

## Request for Proposal

Meaning ▴ A Request for Proposal, or RFP, constitutes a formal, structured solicitation document issued by an institutional entity seeking specific services, products, or solutions from prospective vendors. </a><a href="https://prime.greeks.live/area/request-for-tender/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A central hub with a teal ring represents a Principal's Operational Framework. Interconnected spherical execution nodes symbolize precise Algorithmic Execution and Liquidity Aggregation via RFQ Protocol](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-microstructure-prime-os-price-liquidity-alpha.jpg)

## Request for Tender

Meaning ▴ A Request for Tender (RFT) represents a formal, structured solicitation process initiated by a buy-side institution to invite competitive bids from multiple sell-side counterparties for a specific financial instrument or service, particularly common for bespoke or less liquid digital asset derivatives. </a><a href="https://prime.greeks.live/area/rft-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, black and beige institutional-grade device, featuring a prominent optical lens for real-time market microstructure analysis and an open modular port. This RFQ protocol engine facilitates high-fidelity execution of multi-leg spreads, optimizing price discovery for digital asset derivatives and accessing latent liquidity](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-execution-engine-for-high-fidelity-price-discovery-and-latent-liquidity-aggregation-across-multi-leg-spreads.jpg)

## Rft Process

Meaning ▴ The RFT Process, or Request For Trade Process, represents a formalized protocol within institutional digital asset derivatives markets enabling a principal to solicit bespoke price quotes for a specific notional quantity of an instrument from one or multiple designated liquidity providers. </a><a href="https://prime.greeks.live/question/what-are-the-core-components-of-a-technology-architecture-designed-to-report-nia-rfq-responses-to-cat/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Translucent, overlapping geometric shapes symbolize dynamic liquidity aggregation within an institutional grade RFQ protocol. Central elements represent the execution management system's focal point for precise price discovery and atomic settlement of multi-leg spread digital asset derivatives, revealing complex market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-driving-optimal-liquidity-aggregation-for-precise-price-discovery-and-atomic-settlement.jpg)

## Process Designed

A compliant architecture for RFQ-to-CAT reporting translates bilateral quotes into structured, auditable data via a controlled pipeline. </a>

**Tags:** [Strategic Sourcing](https://options.greeks.live/area/strategic-sourcing/), [Solution-Based Procurement](https://options.greeks.live/area/solution-based-procurement/), [Public Sector Procurement](https://options.greeks.live/area/public-sector-procurement/), [Competitive Bidding](https://options.greeks.live/area/competitive-bidding/), [Procurement Risk Management](https://options.greeks.live/area/procurement-risk-management/), [RFT Process](https://options.greeks.live/area/rft-process/)	

## Discover More

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![Abstract spheres and a translucent flow visualize institutional digital asset derivatives market microstructure. It depicts robust RFQ protocol execution, high-fidelity data flow, and seamless liquidity aggregation. This imagery underscores capital efficiency and atomic settlement within a Prime RFQ framework.](https://options.greeks.live/wp-content/uploads/2025/07/precision-market-microstructure-for-institutional-digital-asset-derivatives-leveraging-rfq-protocols-and-atomic-settlement-across-prime-os.jpg)

A traditional RFP procures a vendor to build a pre-defined solution; a collaborative hybrid RFP selects a partner to design the optimal solution together.

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A tender procures a pre-defined commodity based on price, while an RFP solicits innovative solutions to a complex problem.

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The most common pitfalls in setting RFP evaluation criteria stem from a fundamental misalignment between strategic intent and tactical execution.

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### [What Is the Difference between a Private Rfp and a Public Tender Process?](https://options.greeks.live/question/what-is-the-difference-between-a-private-rfp-and-a-public-tender-process/)
![A central illuminated hub with four light beams forming an 'X' against dark geometric planes. This embodies a Prime RFQ orchestrating multi-leg spread execution, aggregating RFQ liquidity across diverse venues for optimal price discovery and high-fidelity execution of institutional digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-orchestrating-high-fidelity-execution-and-optimal-price-discovery.jpg)

A public tender is a regulated, open competition for specified goods; a private RFP is a discreet, selective dialogue to source complex solutions.

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A pre-RFP investment transforms procurement from a price-based transaction to a system for engineering whole-life value and cost control.

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A hybrid RFP framework architects a procurement process that calibrates information exchange to foster strategic alignment and unlock long-term supplier value.

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A hybrid RFP attracts innovation by defining a problem with precision and valuing a solution's strategic impact over mere compliance.

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![A sleek, metallic instrument with a central pivot and pointed arm, featuring a reflective surface and a teal band, embodies an institutional RFQ protocol. This represents high-fidelity execution for digital asset derivatives, enabling private quotation and optimal price discovery for multi-leg spread strategies within a dark pool, powered by a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-for-optimal-liquidity-discovery.jpg)

An issuer in a low-competition market must pivot RFP criteria from price to a weighted, value-based framework.

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A price-focused RFP seeks the lowest cost, while a value-focused RFP targets the optimal balance of cost, quality, and long-term partnership.

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---

**Original URL:** https://options.greeks.live/question/how-does-a-request-for-tender-rft-differ-from-an-rfp/
