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| | | | 1. | DIY | (Do It Yourself) The practice of fabricating or repairing things on one's own rather than purchasing them or paying for professional repair. DIY is applied commonly to home improvement but also applies to other areas. The DIY scene we know today is actually a re-introduction (often to city and suburb dwellers) of the old pattern of personal involvement in home or apartment upkeep, or the making of clothing, or maintaining of cars, computers, or any material aspect of living. | | 2. | FAQ | (Frequently Asked Question(s)) The term refers to listed questions and answers, all supposed to be frequently asked in some context, and pertaining to a particular topic. Since the acronym originated in textual media, its pronunciation varies; both "fak" and "F.A.Q." are commonly heard (and therefore, when used with an indefinite article, it is either "a FAQ" or "an FAQ"). Depending on usage, the term may refer specifically to a single frequently-asked question, or to an assembled list of | | 3. | FYI | (For Your Information) An abbreviation commonly used in email or memo messages, typically as the first thing on the subject line, to flag the message as an informational message that does not require a response. | | 4. | RFI | (Request for Information) A variation of a request for proposal (RFP) used to determine what products and services are potentially available in the marketplace to meet a buyer's needs. RFI's are commonly used on major procurements, where a requirement could potentially be met through several alternate means. An RFI, however, is not an invitation to bid, is not binding on either the buyer or sellers, and may or may not lead to an RFP or RFQ. An RFI normally follows a format that can be used | | 5. | RFP | (Request For Proposal) An invitation for suppliers, through a tender process, to bid on a specific product or service. An RFP typically involves more than the price. Other requested information may include basic corporate information and history, financial information (can the company deliver without risk of bankruptcy), technical capability (used on major procurements of services, where the item has not previously been made or where the requirement could be met by varying technical means), | | 6. | RFQ | (Request for Quotation) A variation of a request for proposal (RFP) used where discussions aren't required with bidders (mainly when the specifications of a product or service are already known), and price is the main or only factor in selecting the successful bidder. See also: RFP | | 7. | RSVP | (répondez s il vous plaît) A French expression that means "please respond". R.S.V.P. is usually written at the bottom of an invitation to tell the invitees they must respond to the host whether or not they plan to attend the party or the event. It does not mean to respond only if you re coming, and it does not mean respond only if you re not coming (the expression "regrets only" is reserved for that instance). It means the host needs a definite head count for the planned event, and needs it | |
