A Request for Proposal is a document sent to suppliers asking them to submit a bid on a product or service. Risks and benefits are defined at the beginning of the process, minimizing problems later.

Opinions expressed are those of the author. A request for proposal (RFP) is a formal process by which companies or organizations solicit bids from potential vendors to determine the best solution ...

A Request for Proposal (RFP) is the process by which a corporate department or government agency prepares bid documents to acquire equipment or services. RFPs are frequently published in the legal ...