A bid proposal is an offer of cost and conditions that a vendor submits in response to a solicitation from a potential customer. Bidders are typically vying for the chance to provide goods or services to a company, often through a competitive bidding process. A bid proposal includes an explanation of how the bidder intends to meet the customer’s needs and what products, services, or solutions will be provided. It also outlines any risks associated with the project and any other key information that the customer needs to make an informed decision. Ultimately, bid proposals help the customer determine who can best provide value in exchange for their money.