Procurement
Request for Proposal (RFP)
A solicitation document requesting vendors to submit detailed proposals for goods or services.
In context
How Request for Proposal works in supplier diversity
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
Real-world example
The certification quiz checks your business against every certification we track. The result is a ranked list with the buyers each one opens. Or open the certification reference for the full guides.