This comprehensive guide explains what an RFP (Request for Proposal ) is, its key components, the RFP process, and how to write an effective RFP . It also highlights the benefits and common mistakes to avoid in the RFP process. RFP An RFP , “Request for Proposal ,” is a document that asks vendors to propose solutions to a customer’s problems or business requirements. An RFP is usually what follows an RFI; in fact, it’s rare that a company will go from an RFI to an RFQ (for reasons that will become clear below). Let’s dive right in! Request for Proposal RFP definition Let’s start by defining what exactly a Request for Proposal ( RFP ) is in the context of public procurement. RFP is short for Request for Proposal . An RFP is a type of procurement, also called a tender, and is in fact the most commonly used type of tender. What do RFQ, RFP , RFT, and RFI mean. These terms are short for Request for Quotes, Request for Proposal , Request for Tender, and Request for information. The requests are four different ways to make initial contact with a potential supplier, in order to get a product made.
