A request for proposal is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.

What is meant by request for proposal?

A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it. Most organizations prefer to launch their projects using RFPs, and many governments always use them.

What is the purpose of a request for proposal?

An RFP is a document that a business, non-profit, or government agency creates to outline the requirements for a specific project. The RFP process helps solicit bids from vendors and identify which one is best qualified to complete the project.