WHAT IS REQUEST FOR PROPOSAL?

A request for proposal (or RFP) is a document that contains terms and conditions, scope of work, timeline, budget, and other information about the project/contract.

This is often used in the business world to formally seek bids from potential suppliers. Such RFPs are also used when companies want to initiate a process for evaluating their current services or suppliers.

The Request for Proposal (RFP) is an important tool in the arsenal of every organization that wants to get things done properly. It should be well-written and provide clear instructions about what needs to be submitted by which person or team.
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