What is Request for proposal (RFP)?
Request for proposal refers to a request in which a company announces to vendors and companies that funding is available for a particular project, service or program and that they can submit a bid.
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Request for proposal definition (RFP)
Request for proposal refers to a request in which a company announces to vendors and companies that funding is available for a particular project, service or program and that they can submit a bid.
It defines the bidding process and contract terms and includes a description of the project/service, the type of contract, cost and other specifics.