Difference between revisions of "Request for proposal"
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| − | [[Request for proposal]] ([[RFP]]) is a requirements document issued when an organization is seeking a formal proposal from vendors. An RFP typically requires that the proposals be submitted following a specific process and using sealed bids which will be evaluated against a formal evaluation methodology. | + | [[Request for proposal]] (also known by its acronym, [[RFP]]; hereinafter, ''RFP'') is a requirements document issued when an organization is seeking a formal proposal from vendors. An RFP typically requires that the proposals be submitted following a specific process and using sealed bids which will be evaluated against a formal evaluation methodology. |
==Definitions== | ==Definitions== | ||
Latest revision as of 15:16, 3 July 2023
Request for proposal (also known by its acronym, RFP; hereinafter, RFP) is a requirements document issued when an organization is seeking a formal proposal from vendors. An RFP typically requires that the proposals be submitted following a specific process and using sealed bids which will be evaluated against a formal evaluation methodology.
Definitions
According to the BABOK Guide (3rd edition),
- Request for proposal (RFP). A requirements document issued when an organization is seeking a formal proposal from vendors. An RFP typically requires that the proposals be submitted following a specific process and using sealed bids which will be evaluated against a formal evaluation methodology.
