RFI (Request for Information)

The abbreviation "RFI" stands for "Request for Information" in business terms. It is a document used to obtain information from various suppliers before selecting the final supplier for a particular project or service.

An RFI is often the first step in a supplier selection process. It allows an organization to gather information about the capabilities of different suppliers and how they can meet the requirements for a particular project or service. After receiving responses to the RFI, the organization can decide which suppliers to invite to submit more detailed bids or proposals (ie RFP - Request for Offer).

In the context of commercial real estate, an RFI can be used, for example, to find contractors for renovations, construction, maintenance, or other real estate-related services.