What is a Request for Proposal?

A request for proposal often goes by a simpler acronym called an RFP. If an organization has a problem or an upcoming project, but do not have the required resources, they seek the support of an external vendor. In order to find the vendor(s), they “float” an RFP. Vendors who can perform the required skills or provide the right products respond to the RFP with a business proposal.

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