Concept · Business and metrics
Request for proposal
Also called: RFP, RFPs, request for proposals, RFQ, bid request
A document a buyer, often a government or large company, publishes to invite vendors to bid on a project. Responses usually follow a strict format and deadline.
For example: A city posts an RFP for a new permit system, and three software firms submit proposals by the deadline.
Connects to 4
- Win rate Concept
- NAICS code Concept
- Sales cycle Concept
- Scope Concept