Request For Proposal - RFP

Request For Proposal - RFP

A type of bidding solicitation in which a company or organization announces that funding is available for a particular project or program, and companies can place bids for the project's completion. The Request For Proposal (RFP) outlines the bidding process and contract terms, and provides guidance on how the bid should be formatted and presented. A RFP is typically open to a wide range of bidders, creating open competition between companies looking for work.

A Request For Proposal for a specific program may require the company to review the bids not only examine their feasibility , but also the health of the bidding company and the ability of the bidder to actually do what is proposed. The RFP may provide detailed information on the project or program, but can leave leeway for the bidder to fill in the blanks with how the project would be completed or program run.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Request For Proposal — Appel d offres Un appel d offres est une procédure qui permet à un commanditaire (le maître d ouvrage), de faire le choix de l entreprise (le titulaire) la plus à même de réaliser une prestation de travaux, fournitures ou services. Le but est de… …   Wikipédia en Français

  • request for proposal — noun A formal publicly released document outlining a need and inviting businesses to submit plans to fulfill that need …   Wiktionary

  • request for information — (RFI) (Business) request submitted by a company to potential suppliers before an official request for proposal (asking for information on the supplier s products and services) …   English contemporary dictionary

  • Proposal — ist Teil folgender Begriffe oder Titel folgender Werke: Ein unmoralisches Angebot (Originaltitel: Indecent Proposal), US amerikanischer Spielfilm aus dem Jahr 1993 A Modest Proposal : For Preventing the Children of Poor People in Ireland… …   Deutsch Wikipedia

  • Request Price Quotation — or RPQ is a long standing IBM designation for a product or component that is potentially available, but that is not on the standard price list. Typical RPQ offerings are custom interfaces, hardware modifications, research or experimental systems …   Wikipedia

  • request — I noun appeal, application, asking, begging, behest, beseechment, bid, call, claim, demand, desideratum, entreaty, exaction, expressed desire, impetration, imploration, importunity, insistence, invitation, invocation, motion, obsecration, order,… …   Law dictionary

  • Request — (Roget s Thesaurus) < N PARAG:Request >N GRP: N 1 Sgm: N 1 request request requisition Sgm: N 1 claim claim &c.(demand) 741 Sgm: N 1 petition petition suit prayer Sgm: N 1 begging letter begging letter roun …   English dictionary for students

  • request — I (New American Roget s College Thesaurus) Asking for Nouns 1. request, requisition, petition, plea, suit, prayer; motion, overture, application, proposition, proposal, offer, canvass, address, appeal, apostrophe, orison, incantation; prayer (see …   English dictionary for students

  • request — Synonyms and related words: appeal, application, apply for, ask, ask for, beg, beg leave, beseech, bespeak, call, call for, crave, demand, desire, entreat, entreaty, file for, importune, improper suggestion, indecent proposal, indent, insist on,… …   Moby Thesaurus

  • proposal */*/*/ — UK [prəˈpəʊz(ə)l] / US [prəˈpoʊz(ə)l] noun Word forms proposal : singular proposal plural proposals 1) a) [countable] a plan or suggestion, especially a formal one that a group has to consider proposal for: Proposals for a new constitution are… …   English dictionary

  • proposal — I (New American Roget s College Thesaurus) n. offer, statement, recommendation, proposition, motion, suggestion; request, overture, advance, plan. II (Roget s IV) n. 1. [Offer] Syn. overture, recommendation, proposition, offer, suggestion, bid,… …   English dictionary for students

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