Request For Proposal Definition
A request for proposal, or RFP, is a document that a business or organization creates to solicit proposals from potential vendors. The RFP outlines the company’s needs and requirements for the project, and provides information on how to submit a proposal. Vendors use the RFP to create a proposal that outlines their ability to meet the customer’s needs.
The RFP process is used when a company is seeking bids for a project or product. It is also used when companies are looking for new suppliers or service providers. The RFP allows businesses to compare proposals from multiple vendors and choose the one that best meets their needs.
RFPs can be used for a variety of projects, including but not limited to software development, marketing campaigns, event planning, and construction projects.
