Request for Proposal (RFP)

Request For a Proposal (RFP)  is a formal business document that outlines the requirements of a project and invites bids for relevant outsourcing solutions

Once you are satisfied with a company’s profile and past work experience, you ask put in a request for a proposal. What you get is a formal document that states the services offered and the equivalent cost along with the terms and conditions of the agreement reached.

Also see: Request for Information (RFI)

 

 

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