request for proposal
Formal bidding solicitation
A request for proposal is a formal document soliciting bids from vendors or contractors for a project or service.
Organizations issue RFPs when they need outside help and want to compare offers: The city issued a request for proposal for the new transit system.
Abbreviated RFP, it typically outlines requirements, evaluation criteria, and submission deadlines.
Responding to RFPs is a major activity for consulting firms and contractors.
- inquiryRequest for information
- competitive biddingRivals offering prices
- open competitionUnrestricted public contest
- sole sourceOnly available supplier
- procurementObtaining goods externally
solicitation · contract · prequalification · government contracts · expression of interest · project · reverse auction · demand · project management · cost estimation · contract negotiation · sealed bid · service agreements · suggestion · shortlist · work · prospectus · RFP
- biddingbid, bidder, bidding, auction, opening bid
request for proposalpurchase order
Buyer's formal acquisition document
contract execution · work order · letter of intent · binding agreement · invoice
request for proposalrejection
Denial of acceptance
rejection letter · contract termination · cancellation · withdrawal
request, proposal, requests, requested, requesting, requester, requesters, proposals, propose