Business Pitch Dictionary by pitch.dog
RFI, RFP, RFQ & tender documents · Core

Statement of requirements

Also called: requirements statement

ELI5

A document that explains what the buyer needs.

Used in conversation

“The team needs one controlled copy of statement of requirements, with an owner and date.”

Definition

A document describing what the buyer needs.

Here “Statement of requirements” means: A document describing what the buyer needs.

Pitch context

You will see “Statement of requirements” in operating plans, procurement packs, supplier reviews and supply-chain reports when the discussion reaches rfi, rfp, rfq & tender documents.

Why it matters: In rfi, rfp, rfq & tender documents, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.