# How Should Evaluation Criteria Be Weighted Differently between the Rfq and Rfp Phases? ▴ Question

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

---

![A precise mechanical instrument with intersecting transparent and opaque hands, representing the intricate market microstructure of institutional digital asset derivatives. This visual metaphor highlights dynamic price discovery and bid-ask spread dynamics within RFQ protocols, emphasizing high-fidelity execution and latent liquidity through a robust Prime RFQ for atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineering-driving-institutional-digital-asset-derivatives-execution-across-advanced-rfq-protocols-and-prime-brokerage-frameworks.jpg)

![Visualizing a complex Institutional RFQ ecosystem, angular forms represent multi-leg spread execution pathways and dark liquidity integration. A sharp, precise point symbolizes high-fidelity execution for digital asset derivatives, highlighting atomic settlement within a Prime RFQ framework](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-1.jpg)

## Concept

The distinction between a [Request for Quote](https://prime.greeks.live/area/request-for-quote/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (RFQ) 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) represents a fundamental bifurcation in procurement philosophy, a division that dictates the very nature of the evaluation architecture. Viewing these two mechanisms as interchangeable tools for sourcing is a profound systemic error. They are, in fact, distinct protocols engineered for entirely different objectives. An RFQ operates as a high-precision instrument for price discovery against a set of rigidly defined and non-negotiable specifications.

Its core function is tactical ▴ to secure the most efficient cost for a known, quantified, and unchanging requirement. The evaluation process, consequently, is a direct reflection of this function, prioritizing empirical data points that confirm compliance and cost-effectiveness.

Conversely, the RFP protocol is designed for a strategic purpose ▴ to solicit and evaluate solutions to a complex problem or a broadly defined need. It is an invitation for potential partners to contribute their expertise, innovation, and strategic vision. The purchasing organization is not simply buying a commodity; it is entering into a relationship that may involve co-creation, long-term service, and significant operational integration.

Therefore, the [evaluation criteria](https://prime.greeks.live/area/evaluation-criteria/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) for an RFP must be calibrated to assess a far wider and more qualitative set of variables, including the vendor’s organizational depth, technical approach, and cultural alignment. The weighting of its criteria is an expression of the organization’s strategic priorities and its appetite for a partnership that extends beyond a simple transaction.

> The RFQ is a price discovery protocol for a defined commodity, while the RFP is a solution discovery protocol for a complex requirement.

This inherent difference in purpose mandates a divergence in evaluation weighting from the very outset of the procurement design. For an RFQ, the question being answered is “Which compliant supplier offers the best price?” For an RFP, the question is “Which potential partner offers the most valuable and viable long-term solution?” The failure to architect evaluation criteria that reflect these disparate questions leads to predictable system failures ▴ selecting a low-cost provider who cannot deliver the required strategic value, or over-complicating a simple commodity purchase with unnecessary and costly evaluation overhead. The weighting is the mathematical expression of intent, and applying the wrong formula to either protocol guarantees a suboptimal outcome.

![A specialized hardware component, showcasing a robust metallic heat sink and intricate circuit board, symbolizes a Prime RFQ dedicated hardware module for institutional digital asset derivatives. It embodies market microstructure enabling high-fidelity execution via RFQ protocols for block trade and multi-leg spread](https://options.greeks.live/wp-content/uploads/2025/08/prime-os-dedicated-hardware-for-institutional-rfq-execution.jpg)

![Polished concentric metallic and glass components represent an advanced Prime RFQ for institutional digital asset derivatives. It visualizes high-fidelity execution, price discovery, and order book dynamics within market microstructure, enabling efficient RFQ protocols for block trades](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-prime-os-precision.jpg)

## Strategy

The strategic allocation of weights in RFQ and [RFP evaluation](https://prime.greeks.live/area/rfp-evaluation/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) frameworks is the primary mechanism through which an organization translates its operational needs and strategic goals into a quantifiable and defensible selection process. The strategy for each protocol must be distinct, as they serve fundamentally different roles within a procurement system. Misallocating these weights is a critical strategic failure, akin to using a precision micrometer to measure a plot of land.

![Abstract intersecting beams with glowing channels precisely balance dark spheres. This symbolizes institutional RFQ protocols for digital asset derivatives, enabling high-fidelity execution, optimal price discovery, and capital efficiency within complex market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-best-execution-prime-os-infrastructure.jpg)

## The RFQ’s Tactical Precision

The strategic intent of an RFQ is to achieve maximum transactional efficiency for a well-understood good or service. The “solution” is already designed; the organization simply requires a supplier to deliver it according to exact specifications. Consequently, the evaluation strategy is one of confirmation and cost competition. The criteria are heavily skewed towards quantitative, easily verifiable metrics.

- **Price Dominance** ▴ In a pure RFQ, price is the paramount criterion. After a supplier has met all mandatory technical and delivery specifications, price becomes the primary, if not sole, differentiator. It is common for price to account for 50% or more of the total evaluation score.

- **Specification Compliance** ▴ This is typically a binary, pass/fail gateway. A supplier either meets the detailed technical specifications, quality standards, and delivery timelines, or they are disqualified. There is no room for partial credit or alternative proposals.

- **Financial Stability and Capacity** ▴ The evaluation must confirm the supplier’s ability to fulfill the order without risk of default. This includes assessing production capacity, financial health, and logistical capabilities. These are typically secondary criteria, weighted to provide assurance rather than to differentiate between otherwise compliant bids.

![A precision algorithmic core with layered rings on a reflective surface signifies high-fidelity execution for institutional digital asset derivatives. It optimizes RFQ protocols for price discovery, channeling dark liquidity within a robust Prime RFQ for capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-engine-optimized-for-precision.jpg)

## The RFP’s Strategic Value Matrix

An RFP’s strategic intent is to identify the optimal partner to solve a complex business problem. The organization is procuring expertise, innovation, and a relationship. The evaluation strategy, therefore, must be a multi-faceted matrix designed to assess qualitative value and long-term viability. Price is a component, but it is balanced against a host of other critical factors.

Best practices suggest that weighting price between 20-30% in an RFP scoring process is ideal to avoid overweighting cost and undervaluing quality and fit. The evaluation criteria act as a guide to determine which vendor’s proposal best aligns with the organization’s needs, encompassing aspects like cost, timeline, product quality, and [vendor experience](https://prime.greeks.live/news/crypto-funds-experience-significant-outflow-halting-prolonged-inflow-streak/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). This structured approach ensures that evaluators assess all vendors by the same standards, promoting fairness and objectivity in the selection process.

> Weighting in an RFQ is an exercise in cost optimization, while weighting in an RFP is an exercise in value maximization.

The following table illustrates the strategic divergence in weighting philosophy between the two protocols:

| Evaluation Domain | Typical RFQ Weighting Strategy | Typical RFP Weighting Strategy |
| --- | --- | --- |
| Cost / Price | 50% – 70%. The dominant factor after mandatory requirements are met. | 20% – 30%. An important factor, but balanced against technical and qualitative aspects. |
| Technical Solution / Approach | Pass/Fail. The bid must conform exactly to pre-defined specifications. No weight is given for exceeding them. | 30% – 50%. The most critical component, evaluating the creativity, viability, and robustness of the proposed solution. |
| Vendor Experience & Qualifications | 10% – 20%. Confirms ability to deliver, based on past performance with similar, specified products. | 20% – 30%. Assesses depth of expertise, relevant project history, and qualifications of the proposed team. |
| Risk & Compliance | 10% – 15%. Focuses on financial stability, insurance, and ability to meet delivery schedules. | 10% – 20%. Broader scope, including data security, implementation risk, long-term support viability, and regulatory compliance. |
| Partnership & Cultural Fit | 0% – 5%. Generally considered irrelevant for a transactional purchase. | 5% – 15%. Evaluates factors like communication style, problem-solving approach, and long-term relationship potential. |

Developing a clear set of evaluation criteria is a cornerstone of the solicitation process. These criteria should be a direct extension of the project’s objectives and desired outcomes. By defining and weighting these criteria, an organization communicates what is most important, allowing suppliers to tailor their proposals effectively and enabling a more objective and defensible selection.

![Two smooth, teal spheres, representing institutional liquidity pools, precisely balance a metallic object, symbolizing a block trade executed via RFQ protocol. This depicts high-fidelity execution, optimizing price discovery and capital efficiency within a Principal's operational framework for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-execution-bridging-institutional-liquidity-pools-via-rfq-protocol-for-optimized-digital-asset-derivatives-price-discovery.jpg)

![A robust, dark metallic platform, indicative of an institutional-grade execution management system. Its precise, machined components suggest high-fidelity execution for digital asset derivatives via RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-platform-high-fidelity-price-discovery-and-atomic-settlement-infrastructure.jpg)

## Execution

The execution of a properly weighted evaluation system requires disciplined adherence to the chosen protocol. It is an operational process that translates the strategic intent defined earlier into a series of concrete, auditable actions. The system’s integrity depends on the clear definition of criteria, the establishment of an impartial [evaluation committee](https://prime.greeks.live/question/how-should-an-rfp-evaluation-committee-be-structured-to-ensure-an-unbiased-and-effective-decision/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), and the use of a structured scoring methodology.

![A metallic stylus balances on a central fulcrum, symbolizing a Prime RFQ orchestrating high-fidelity execution for institutional digital asset derivatives. This visualizes price discovery within market microstructure, ensuring capital efficiency and best execution through RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-for-digital-asset-derivatives-low-latency-best-execution.jpg)

## Implementing a Weighted Scoring Model

For both RFQs and RFPs, a [weighted scoring](https://prime.greeks.live/area/weighted-scoring/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) model provides a structured framework for evaluation. This model assigns a specific point value or percentage to each criterion, ensuring all proposals are judged consistently. The execution involves several key steps:

- **Establish Criteria Before Release** ▴ The evaluation criteria and their respective weights must be finalized before the solicitation document is released to vendors. This prevents bias from creeping into the process after proposals have been received and establishes a transparent framework for all participants.

- **Form an Evaluation Committee** ▴ For significant purchases, particularly under an RFP, a cross-functional evaluation committee should be formed. This team should consist of an odd number of individuals (typically 3 or more) representing different stakeholder interests, such as technical experts, end-users, and finance professionals. This structure ensures a balanced assessment and reduces individual bias.

- **Develop a Scoring Rubric** ▴ A detailed scoring rubric or guide is essential for consistency. It should define what each score on the scale (e.g. 1-5 or 1-10) means for each criterion. For example, for “Vendor Experience,” a score of 5 might mean “Extensive experience with multiple projects of identical scope and scale,” while a 1 means “No demonstrable experience in the required area.” This removes ambiguity and ensures all evaluators apply the scale in the same way.

- **Conduct a Two-Stage Evaluation (for RFPs)** ▴ To prevent the price from unduly influencing the assessment of technical merit in an RFP, a two-stage evaluation is often effective. The evaluation committee first scores the qualitative and technical sections of all proposals without seeing the price. Only after the technical scores are finalized is the pricing information revealed and scored, often by a separate procurement professional or as the final step.

> A well-executed evaluation is a structured, data-driven process that leaves no room for subjective preference or retroactive justification.

![A layered, spherical structure reveals an inner metallic ring with intricate patterns, symbolizing market microstructure and RFQ protocol logic. A central teal dome represents a deep liquidity pool and precise price discovery, encased within robust institutional-grade infrastructure for high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-orchestrating-rfq-protocols-for-high-fidelity-execution-and-multi-asset-liquidity.jpg)

## Operationalizing Weighting Schemes

The practical application of weighting differs significantly between the two protocols. The following table provides an example of how specific criteria might be structured and weighted in execution.

| Protocol | Evaluation Criterion | Weight | Execution Notes |
| --- | --- | --- | --- |
| RFQ | Compliance with Technical Specification Sheet XYZ | Pass/Fail | Non-compliant bids are immediately disqualified. No scoring is applied. |
| RFP | Proposed Technical Solution & Methodology | 40% | Scored by a technical subcommittee using a 1-10 rubric based on innovation, feasibility, and alignment with project goals. |

Ultimately, the execution of the evaluation process is a direct reflection of the organization’s procurement maturity. A disciplined, transparent, and well-documented process, rooted in a strategic understanding of the difference between RFQs and RFPs, is the only reliable path to achieving best-value outcomes and building a resilient and effective supply chain.

![Abstract forms on dark, a sphere balanced by intersecting planes. This signifies high-fidelity execution for institutional digital asset derivatives, embodying RFQ protocols and price discovery within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-platform-microstructure-execution-prime-os.jpg)

## References

- The George Washington University, Finance Division. “RFP Evaluating Criteria.” Procurement. Accessed August 7, 2025.

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

- Harvard Kennedy School, Government Performance Lab. “Proposal Evaluation Tips & Tricks ▴ How to Select the Best Vendor for the Job.” Procurement Excellence Network. Accessed August 7, 2025.

- “RFP Evaluation Guide ▴ 4 Mistakes You Might be Making in Your RFP Process.” Bonfire. Accessed August 7, 2025.

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

- Talluri, S. & Narasimhan, R. (2004). A methodology for strategic sourcing. European Journal of Operational Research, 154(1), 236-250.

- de Boer, L. Labro, E. & Morlacchi, P. (2001). A review of methods supporting supplier selection. European Journal of Purchasing & Supply Management, 7(2), 75-89.

- Ho, W. Xu, X. & Dey, P. K. (2010). Multi-criteria decision making approaches for supplier evaluation and selection ▴ A literature review. European Journal of Operational Research, 202(1), 16-24.

![A polished metallic needle, crowned with a faceted blue gem, precisely inserted into the central spindle of a reflective digital storage platter. This visually represents the high-fidelity execution of institutional digital asset derivatives via RFQ protocols, enabling atomic settlement and liquidity aggregation through a sophisticated Prime RFQ intelligence layer for optimal price discovery and alpha generation](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-optimization-for-high-fidelity-execution-and-liquidity-aggregation-via-prime-os-intelligence-layer.jpg)

## Reflection

The architectural distinction between RFQ and RFP evaluation frameworks is a mirror. It reflects an organization’s clarity about its own needs and its position in the market. A procurement system that fails to differentiate its weighting protocols is operating with a fundamental lack of self-awareness. It signals an inability to distinguish between a tactical acquisition and a strategic investment.

The weighting scheme is more than a calculation; it is the codification of strategy. Examining how your own organization weights these criteria reveals the true priorities that drive its decisions. Does the framework accurately model the desired outcome, or does it create systemic friction, forcing strategic needs through a tactical filter? The answers to these questions define the boundary between a procurement function that merely processes transactions and one that builds sustainable competitive advantage.

![A sleek, light interface, a Principal's Prime RFQ, overlays a dark, intricate market microstructure. This represents institutional-grade digital asset derivatives trading, showcasing high-fidelity execution via RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-prime-os-execution-system.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">
![Geometric planes, light and dark, interlock around a central hexagonal core. This abstract visualization depicts an institutional-grade RFQ protocol engine, optimizing market microstructure for price discovery and high-fidelity execution of digital asset derivatives including Bitcoin options and multi-leg spreads within a Prime RFQ framework, ensuring atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-engine-architecture.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-quote/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An abstract digital interface features a dark circular screen with two luminous dots, one teal and one grey, symbolizing active and pending private quotation statuses within an RFQ protocol. Below, sharp parallel lines in black, beige, and grey delineate distinct liquidity pools and execution pathways for multi-leg spread strategies, reflecting market microstructure and high-fidelity execution for institutional grade digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-displaying-multi-leg-execution-status-and-optimal-liquidity-pathways.jpg)

## Request for Quote

Meaning ▴ A Request for Quote, or RFQ, constitutes a formal communication initiated by a potential buyer or seller to solicit price quotations for a specified financial instrument or block of instruments from one or more liquidity providers. </a><a href="https://prime.greeks.live/area/evaluation-criteria/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Geometric planes and transparent spheres represent complex market microstructure. A central luminous core signifies efficient price discovery and atomic settlement via RFQ protocol](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-microstructure-4.jpg)

## Evaluation Criteria

Meaning ▴ Evaluation Criteria define the quantifiable metrics and qualitative standards against which the performance, compliance, or risk profile of a system, strategy, or transaction is rigorously assessed. </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 sleek, white, semi-spherical Principal's operational framework opens to precise internal FIX Protocol components. A luminous, reflective blue sphere embodies an institutional-grade digital asset derivative, symbolizing optimal price discovery and a robust liquidity pool](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-5.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/news/crypto-funds-experience-significant-outflow-halting-prolonged-inflow-streak/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract forms depict interconnected institutional liquidity pools and intricate market microstructure. Sharp algorithmic execution paths traverse smooth aggregated inquiry surfaces, symbolizing high-fidelity execution within a Principal's operational framework](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-microstructure-prime-os-1.jpg)

## Vendor Experience

This systemic shift in digital asset flows, driven by macroeconomic policy, necessitates a re-evaluation of capital allocation strategies for optimal portfolio resilience. </a><a href="https://prime.greeks.live/question/how-should-an-rfp-evaluation-committee-be-structured-to-ensure-an-unbiased-and-effective-decision/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Luminous blue drops on geometric planes depict institutional Digital Asset Derivatives trading. Large spheres represent atomic settlement of block trades and aggregated inquiries, while smaller droplets signify granular market microstructure data](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-digital-asset-derivatives-rfq-protocols-driving-high-fidelity-execution-and-optimal-liquidity-discovery.jpg)

## Evaluation Committee

A structured RFP committee, governed by pre-defined criteria and bias mitigation protocols, ensures defensible and high-value procurement decisions. </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 multi-layered, circular device with a central concentric lens. It symbolizes an RFQ engine for precision price discovery and high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-for-precision-execution.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:** [Procurement Process](https://options.greeks.live/area/procurement-process/), [Strategic Sourcing](https://options.greeks.live/area/strategic-sourcing/), [Supplier Selection](https://options.greeks.live/area/supplier-selection/), [Evaluation Criteria](https://options.greeks.live/area/evaluation-criteria/), [Request for Quote](https://options.greeks.live/area/request-for-quote/), [Procurement Strategy](https://options.greeks.live/area/procurement-strategy/)	

## Discover More

- 
### [What Is the Optimal Method for Weighting Criteria in an Rfp Scoring Matrix?](https://options.greeks.live/question/what-is-the-optimal-method-for-weighting-criteria-in-an-rfp-scoring-matrix/)
![A luminous central hub with radiating arms signifies an institutional RFQ protocol engine. It embodies seamless liquidity aggregation and high-fidelity execution for multi-leg spread strategies. Varied quadrants represent diverse market microstructure, optimizing capital efficiency within a principal's operational framework, mitigating counterparty risk.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-hub-for-optimal-liquidity-aggregation.jpg)

The optimal method for weighting RFP criteria is a structured, bias-reducing system like AHP that translates strategic priorities into a defensible, mathematical framework.

- 
### [What Is the Most Effective Method for Weighting Rfp Evaluation Criteria to Reflect Strategic Priorities?](https://options.greeks.live/question/what-is-the-most-effective-method-for-weighting-rfp-evaluation-criteria-to-reflect-strategic-priorities/)
![Polished metallic pipes intersect via robust fasteners, set against a dark background. This symbolizes intricate Market Microstructure, RFQ Protocols, and Multi-Leg Spread execution. It highlights High-Fidelity Execution, Atomic Settlement, and Capital Efficiency within a Principal's Operational Framework for Digital Asset Derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-metallic-nodes-illustrating-rfq-protocols-for-multi-leg-digital-asset-derivatives-institutional-execution.jpg)

A weighted scoring model is the most effective method for translating strategic priorities into a quantitative, defensible RFP decision.

- 
### [What Are the Critical Differences between an RFQ and an RFP in Marketing?](https://options.greeks.live/question/what-are-the-critical-differences-between-an-rfq-and-an-rfp-in-marketing/)
![A translucent teal triangle, an RFQ protocol interface with target price visualization, rises from radiating multi-leg spread components. This depicts Prime RFQ driven liquidity aggregation for institutional-grade Digital Asset Derivatives trading, ensuring high-fidelity execution and price discovery.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-intelligence-layer-driving-rfq-protocol-enhanced-digital-asset-derivatives-liquidity-aggregation-and-best-execution.jpg)

An RFQ procures a specified commodity based on price; an RFP sources a customized solution based on strategic value and expertise.

- 
### [How Do You Effectively Manage Subjective Criteria in an Rfp Evaluation?](https://options.greeks.live/question/how-do-you-effectively-manage-subjective-criteria-in-an-rfp-evaluation/)
![Abstract geometric forms, symbolizing bilateral quotation and multi-leg spread components, precisely interact with robust institutional-grade infrastructure. This represents a Crypto Derivatives OS facilitating high-fidelity execution via an RFQ workflow, optimizing capital efficiency and price discovery.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-infrastructure.jpg)

Effective RFP evaluation transforms subjective criteria into a structured, quantifiable system, ensuring defensible and superior vendor selection.

- 
### [What Is the Role of Cross-Functional Teams in Defining and Weighting RFP Evaluation Criteria Effectively?](https://options.greeks.live/question/what-is-the-role-of-cross-functional-teams-in-defining-and-weighting-rfp-evaluation-criteria-effectively/)
![Intersecting sleek components of a Crypto Derivatives OS symbolize RFQ Protocol for Institutional Grade Digital Asset Derivatives. Luminous internal segments represent dynamic Liquidity Pool management and Market Microstructure insights, facilitating High-Fidelity Execution for Block Trade strategies within a Prime Brokerage framework.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-high-fidelity-engine.jpg)

A cross-functional team transforms RFP evaluation into a system for embedding strategic priorities into a quantifiable decision model.

- 
### [Should the Cost Be the Most Heavily Weighted Criterion in an Rfp Evaluation?](https://options.greeks.live/question/should-the-cost-be-the-most-heavily-weighted-criterion-in-an-rfp-evaluation/)
![Two smooth, teal spheres, representing institutional liquidity pools, precisely balance a metallic object, symbolizing a block trade executed via RFQ protocol. This depicts high-fidelity execution, optimizing price discovery and capital efficiency within a Principal's operational framework for digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/precision-execution-bridging-institutional-liquidity-pools-via-rfq-protocol-for-optimized-digital-asset-derivatives-price-discovery.jpg)

Cost should be a significant, but not dominant, criterion in an RFP evaluation, balanced against quality, service, and long-term value.

- 
### [What Are the Most Common Pitfalls to Avoid When Designing Rfp Evaluation Criteria?](https://options.greeks.live/question/what-are-the-most-common-pitfalls-to-avoid-when-designing-rfp-evaluation-criteria/)
![Sleek metallic panels expose a circuit board, its glowing blue-green traces symbolizing dynamic market microstructure and intelligence layer data flow. A silver stylus embodies a Principal's precise interaction with a Crypto Derivatives OS, enabling high-fidelity execution via RFQ protocols for institutional digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-microstructure-os.jpg)

Designing RFP evaluation criteria is a strategic modeling exercise to predict long-term partner value, not just a procurement checklist.

- 
### [What Are the Key Differences in Managing Carrier Relationships Derived from an Rfq versus an Rfp?](https://options.greeks.live/question/what-are-the-key-differences-in-managing-carrier-relationships-derived-from-an-rfq-versus-an-rfp/)
![An institutional grade RFQ protocol nexus, where two principal trading system components converge. A central atomic settlement sphere glows with high-fidelity execution, symbolizing market microstructure optimization for digital asset derivatives via Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-microstructure-2.jpg)

An RFP builds a strategic partnership based on capabilities, while an RFQ executes a transaction based on price.

- 
### [What Are the Key Differences in the Evaluation Criteria between the Rfp and Rfq Stages of a Hybrid Process?](https://options.greeks.live/question/what-are-the-key-differences-in-the-evaluation-criteria-between-the-rfp-and-rfq-stages-of-a-hybrid-process/)
![A sleek green probe, symbolizing a precise RFQ protocol, engages a dark, textured execution venue, representing a digital asset derivatives liquidity pool. This signifies institutional-grade price discovery and high-fidelity execution through an advanced Prime RFQ, minimizing slippage and optimizing capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-protocol-integration-for-high-fidelity-execution-and-institutional-liquidity-aggregation-on-prime-os.jpg)

RFP evaluates the strategic "how" and "who," while RFQ quantifies the transactional "how much."

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://options.greeks.live"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "Question",
            "item": "https://options.greeks.live/question/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "How Should Evaluation Criteria Be Weighted Differently between the Rfq and Rfp Phases?",
            "item": "https://options.greeks.live/question/how-should-evaluation-criteria-be-weighted-differently-between-the-rfq-and-rfp-phases/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Organization",
    "@id": "https://greeks.live/#organization",
    "name": "Greeks.Live",
    "url": "https://greeks.live/",
    "description": "Greeks.live is the definitive toolkit for the professional options trader, dedicated to empowering our users with institutional-grade data, advanced analytics, and a comprehensive suite of trading tools designed to provide a decisive edge in the market. Every article and guide published under the Greeks.live name is a product of our deep commitment to data-driven analysis and our mission to support the global trading community.",
    "email": "support@greeks.live",
    "logo": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/Greeks.Live-Logo-Icon.svg"
    },
    "hasPart": [
        {
            "@type": "WebSite",
            "name": "About Us",
            "url": "https://about.greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "App Download Page",
            "url": "https://about.greeks.live/#/download/basic_trade"
        },
        {
            "@type": "WebSite",
            "name": "Newcomers' Guide",
            "url": "https://twisty-sign-c8b.notion.site/Guide-for-Greeks-live-X-Deribit-Newbies-5a08a3052822427d800af6eaf3704c8d"
        },
        {
            "@type": "WebSite",
            "name": "Knowledge Base",
            "url": "https://linktr.ee/greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "Option Terminology",
            "url": "https://greekslive.notion.site/88dfc00e7c584d4d8969b6302a79a12f?pvs=4"
        },
        {
            "@type": "WebSite",
            "name": "Terms of Service",
            "url": "https://greeks.live/#/tos"
        },
        {
            "@type": "WebSite",
            "name": "Disclaimer",
            "url": "https://greeks.live/#/disclaimer"
        }
    ],
    "sameAs": [
        "https://x.com/greekslive",
        "https://youtube.com/@greeks_live?si=-KjT0Lkw4WUCI0tD",
        "https://t.me/greekslive_notifications",
        "https://t.me/greekslive",
        "https://pinterest.com/greekslive/"
    ],
    "makesOffer": [
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "RFQ Platform",
                "url": "https://rfq.greeks.live",
                "description": "Execute institutional-grade block trades for crypto options and futures. This platform provides deep, over-the-counter (OTC) liquidity via a professional Request for Quote system.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Lending Tools",
                "url": "https://lend.greeks.live",
                "description": "Manage crypto lending and borrowing activities to earn yield or secure loans. This suite of tools helps users analyze interest rates and manage collateralized debt positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Data Lab",
                "url": "https://greeks.live/#/deribit/tools/datalab/BTC",
                "description": "Analyze historical and real-time options data with advanced metrics. This tool is designed for backtesting strategies and identifying market trends through comprehensive data visualization.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Profit & Loss Analysis (PnL)",
                "url": "https://greeks.live/#/deribit/tools/pnl_analysis",
                "description": "Track and analyze the Profit and Loss (PnL) of your options portfolio. This tool provides detailed performance metrics to help traders evaluate and refine their strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Position Visualization",
                "url": "https://greeks.live/#/deribit/tools/pv/BTC",
                "description": "Visualize complex options positions and their corresponding risk profiles. This tool generates payoff diagrams to help traders intuitively understand potential profit, loss, and exposure.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Options Calculator",
                "url": "https://greeks.live/#/deribit/tools/calculator",
                "description": "Calculate the theoretical price and risk parameters ('the Greeks') of crypto options. An essential tool for pricing new trades and analyzing the sensitivity of existing positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live Main Platform",
                "url": "https://greeks.live/",
                "description": "The central hub for the Greeks.live suite of professional cryptocurrency options and derivatives trading tools. Access analytics, manage positions, and explore the ecosystem.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Community Forum",
                "url": "https://t.greeks.live",
                "description": "Join the official Greeks.live community. Connect with other traders, share insights, and receive the latest updates directly from the team.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for Deribit",
                "url": "http://deribit.greeks.live",
                "description": "A dedicated interface for trading on the Deribit exchange. This platform leverages Greeks.live's advanced analytics and tools specifically for users of Deribit's options and futures markets.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for OKX",
                "url": "http://okx.greeks.live",
                "description": "A dedicated interface for trading on the OKX exchange. This platform integrates Greeks.live's powerful analytics with the OKX marketplace, focusing on its options and derivatives products.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "GLVS.AI Trading Platform",
                "url": "https://www.glvs.ai/",
                "description": "An AI-powered platform for automated crypto options trading. Leverage advanced algorithms and data-driven signals to develop and deploy sophisticated, hands-free trading strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "API Testnet & Sandbox",
                "url": "https://test.greeks.live",
                "description": "A dedicated testnet environment for developers to test their API integrations and automated trading strategies. This sandbox allows for full functionality testing without risking real funds.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        }
    ],
    "subOrganization": [
        {
            "@type": "Organization",
            "name": "GreeksLive HK Co., Limited",
            "email": "support@greeks.live",
            "telephone": "+852-56418949",
            "address": {
                "@type": "PostalAddress",
                "streetAddress": "Unit 11, 27/F, K. Wah Centre, 191 Java Road",
                "addressLocality": "Hong Kong",
                "addressRegion": "North Point",
                "addressCountry": "CN",
                "postalCode": "0000"
            },
            "geo": {
                "@type": "GeoCoordinates",
                "latitude": "22.2932357",
                "longitude": "114.2022026"
            },
            "image": "https://options.greeks.live/wp-content/uploads/2025/08/Wah-Centre-Hong-Kong.jpg"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://options.greeks.live/question/how-should-evaluation-criteria-be-weighted-differently-between-the-rfq-and-rfp-phases/"
    },
    "headline": "How Should Evaluation Criteria Be Weighted Differently between the Rfq and Rfp Phases? \u25b4 Question",
    "description": "RFQ evaluation weights prioritize cost for specified goods; RFP weights balance cost with the value of a proposed solution. \u25b4 Question",
    "url": "https://options.greeks.live/question/how-should-evaluation-criteria-be-weighted-differently-between-the-rfq-and-rfp-phases/",
    "datePublished": "2025-08-07T20:42:40+00:00",
    "dateModified": "2025-08-07T20:42:42+00:00",
    "articleSection": [
        "Question"
    ],
    "author": {
        "@id": "https://greeks.live/#organization"
    },
    "publisher": {
        "@id": "https://greeks.live/#organization"
    },
    "image": {
        "@type": "ImageObject",
        "url": "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",
        "caption": "A precisely engineered central hub with four radiating arms illustrates streamlined institutional digital asset derivatives trading. This advanced RFQ system manages multi-leg spread strategies by aggregating diverse liquidity pools. The framework ensures high-fidelity execution and best execution through dynamic price discovery, minimizing slippage and latency. It represents a robust Prime RFQ solution, critical for capital efficiency and atomic settlement in Bitcoin options and Ethereum futures."
    },
    "keywords": [
        "Cost of Ownership",
        "Evaluation Criteria",
        "Procurement Process",
        "Procurement Strategy",
        "Request for Proposal",
        "Request for Quote",
        "RFP Evaluation",
        "RFP Scoring Matrix",
        "Strategic Sourcing",
        "Supplier Selection",
        "Tactical Procurement",
        "Value Matrix",
        "Weighted Scoring"
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "url": "https://options.greeks.live/",
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://options.greeks.live/?s=search_term_string",
        "query-input": "required name=search_term_string"
    }
}
```


---

**Original URL:** https://options.greeks.live/question/how-should-evaluation-criteria-be-weighted-differently-between-the-rfq-and-rfp-phases/
