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What is an RFP?

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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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 ...

Solution Summary

Discusses RFP and its role in the purchasing process.