Under the two stage procurement process, the purpose of RFQ is to identify credible bidders who have the requisite technical and financial capacity for undertaking the project. It should, therefore, contain information restricted to the technical and financial capabilities sought for the purposes of pre-qualification from the interested parties with the requisite qualifications and experience.
To encourage greater participation from credible domestic and international investors, it should be ensured that the conditions stipulated in the RFQ do not require the interested bidders to incur significant expenses in preparing their proposal.
The RFQ must inter-alia include instructions to applicants (including project information, scope of project, eligibility and qualification of applicants, mode and manner of application submission, etc.), evaluation criteria, and the process of short listing of applicants.