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Request For Project Proposal

oboloo Glossary

Request For Project Proposal

A Request For Proposal (RFP) is a document that an organization sends out to solicit proposals from vendors for specific products and services. An RFP outlines the requirements for the project, the deliverables, expectations of the vendor, selection criteria, timeline, and any additional information to help vendors fully understand the project scope. It also serves as an invitation to submit a bid in response to the RFP. Through this process, organizations can evaluate different vendors and chose the best one to complete their project.

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