Document background
The Request For Offer (RFO) is a crucial procurement tool used in the Malaysian business environment when organizations seek to obtain competitive offers for specific goods or services. This document is particularly relevant when detailed technical specifications and commercial terms need to be communicated to potential suppliers, and when a formal evaluation process is required. The RFO format ensures compliance with Malaysian legal requirements, including the Contracts Act 1950 and relevant procurement regulations, while providing a structured framework for vendor responses. It is commonly used in both private and public sector procurement, requiring careful consideration of local content requirements, bumiputera participation policies, and industry-specific regulations where applicable.
