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What is an RFP?

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What is an RFP, and what critical tasks does it facilitate in the purchasing process?

Minimum 150 words. Please list all sources used.

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Solution Summary

Discusses RFP and its role in the purchasing process.

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A request for proposal(RFP) is a document that is being prepared by an organization to solicit or invite bids from different vendors for a project. It outlines the terms and conditions of the contract and the process for the bidding. The main purpose of RFP is to create open ...

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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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