What is an RFP?
A Request for Proposal (referred to as RFP) is an invitation for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. A bidding process is one of the best methods for leveraging a company’s negotiating ability and purchasing power with suppliers. The Request process brings structure to the procurement decision and allows the risks and benefits to be identified clearly up front. The RFP may dictate to varying degrees the exact structure and format of the supplier’s response. Effective RFP’s typically reflect the strategy and short/long-term business objectives, providing detailed insight upon which suppliers will be able to offer a matching perspective.
A Request For Proposal (RFP) is a written solicitation/announcement distributed by grantmakers that alerts grant seekers to the funding requirements (including deadlines) of specific projects, calls for entries, programs, etc. The Robert Wood Johnson Foundation refers to these as Calls for Proposals.
Related Questions
- The RFP requires the offeror to propose costs for Facility Modifications (other than the GFP facilities). Are these costs to be included as part of CLINS 1-5 "Basic Contract Award"?
- What changes to the RFP are contemplated for the system descriptions in Section L, Tab 2 through Tab 3.1?
- On page 4 letter C. of the RFP application, what does other involvement mean?
