Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Request for Standing Offer (RFSO)”
  • Request for Standing Offer (RFSO)

    CANADA A method of supply used by Canadian public agencies to satisfy the requirements of departments and agencies by arranging with suppliers to submit a standing offer to provide goods, services, or both during a specified period for a specified price. The quantity of goods, level of services, and estimated expenditure specified in the RFSO are only an approximation of requirements given in good faith. Standing offers are not contracts. If and when a department/agency issues an order against a standing offer, a contract is created. (PWGSC)

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