What is a Request for Proposal?

A Request for Proposal (RFP) is an invitation to vendors to submit a written offer to supply services or materials. The RFP will require the vendor to define the specific financial and/or service commitments that comprise the offer. Purchasing makes the RFP available to multiple vendors to review and respond with a proposal. Evaluation of competing proposals is based on various criteria, one of which is price.

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1. What can I expect to occur at a proposal opening?
2. What can I expect to occur at a bid opening?
3. What is a Request for Quote?
4. What is a Request for Proposal?
5. What is a Request for Bid?