The Request for Proposal (RFP) procurement process is an official business process used to acquire goods and services from external vendors. It is a competitive process that involves the issuance of a formal document to potential vendors that outlines the specific requirements of the project and the criteria for selecting a vendor. The process begins with the issuing of a Request for Proposal (RFP) that contains all the necessary information about the project and the desired outcomes. Vendors then submit their proposals, which are evaluated by the organization based on the criteria outlined in the RFP. Once a vendor is selected, the organization enters into a contract with the vendor to provide the goods or services outlined in the RFP. The RFP procurement process is an important part of any organization’s procurement strategy and helps ensure that the organization is getting the best value for its money.