EOI

EOI stands for Expression of Interest. In procurement and project development, it is a formal communication used by buyers to invite potential suppliers, contractors, or partners to signal their interest in a forthcoming opportunity. An EOI is usually non-binding and helps organizations assess capability and market interest before a detailed process begins.

EOIs are commonly issued in public sector programs and large private projects. They help refine scope, budgets, and timelines, and may precede requests for information (RFI), requests for proposal (RFP), or invitations to tender (ITT). Respondents are not committed to submit a full bid at this stage.

A typical EOI response includes the applicant’s organisation details, relevant experience, core competencies, geographical reach, and any certifications or licenses. It is intended to be concise and non-binding, with information sufficient to demonstrate qualifications and interest.

Evaluation of EOIs focuses on compliance with eligibility criteria and alignment with project requirements. Based on responses, the issuing entity may shortlist candidates, conduct market consultations, or invite selected respondents to the next procurement step. No contract is awarded from an EOI alone.

Legal and ethical considerations include fairness, transparency, and confidentiality where required by law. Authorities often publish EOIs openly to ensure equal access and may set deadlines, scoring rules, and confidentiality provisions to prevent information leakage or bias.

Beyond procurement, EOI can appear in other contexts to indicate interest in partnerships, joint ventures, or investment opportunities, though its precise meaning can vary by industry and jurisdiction.