A sources-sought notice or request for information (RFI) is market research. The FAR describes RFIs as used when the Government does not presently intend to award a contract, but wants to obtain price, delivery, other market information, or capabilities for planning purposes 1.
Responses to these notices are not offers and cannot be accepted by the Government to form a binding contract 2. Find Opportunities groups them under a "Market research (Sources Sought / RFI)" filter 3.
Why your answer matters
Market research techniques in the FAR include contacting knowledgeable individuals in Government and industry regarding market capabilities to meet requirements 4. Exchanges of this kind are meant to improve the understanding of Government requirements and industry capabilities 5.
Small business responses also bear on the set-aside decision, whose test refers to at least two responsible small business concerns 6.
Evidence, not adjectives
Worked example. Contractor F's first draft says it is "a proven, world-class provider". Its second draft says: "Since 2022 we have maintained 140 HVAC units across three federal buildings under one contract, with 98 percent of work orders closed on time; contract number and monthly reports available." Only the second gives the reviewer something to check.
Bids2Bank's past-performance library applies the same discipline: it compares a hand-entered record against the USAspending award it names 7.
Build your evidence in the library →
Indented paragraphs are invented worked examples. Tool links open Bids2Bank and need a free account.
Next lesson: Grants and SBIR/STTR: when the money is not a contract