Overview

Contracts

Request For Proposal (RFP)

April 12, 2024

Request For Proposal (RFP)

This contract agreement, also known as an RFP, is represented by a legal document that requires bids for specific projects, attracting the interest of potential contractors who submit proposals. An RFP is employed when a business or organization announces a project and searches for specialized capabilities or technical expertise in their respective field. 

Most organizations, projects, and governments use RFPs when launching their projects, as they describe the project goals, the organizations sponsoring it, and the implied bidding process. For a better understanding, consider that the request for proposal happens in the case of complex projects, as they usually require many sub-contractors. They also outline the bidding process and the specified contract terms.

Subjects

Request For Proposal (RFP)
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Frequently Asked Questions

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