RFP
Request for Proposal
ProcurementDefinition
A solicitation document requesting vendors to submit detailed proposals for goods or services.
More Information
RFPs are used for complex acquisitions where factors beyond price (such as technical approach, experience, and past performance) are evaluated. Proposals typically include technical volumes, management approaches, past performance references, and cost/price volumes. Evaluation criteria and weighting are specified in the RFP.
Example
A company responds to an RFP for cybersecurity services with a 50-page technical proposal and cost breakdown.