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Short for Request for Proposal, a document that an enterprise sends to a vendor inviting the vendor to submit a bid for hardware, software, services, or any combination of the three. An organization typically issues the RFP in order to assess competing bids. PREVIOUS. RFMON.
A Request for Proposal should clearly outline the service or equipment needed, such as the completion of a project or the fulfillment of a specific number of materials or equipment pieces. The RFP should include the scope of the project, deliverables, budget and all milestones and deadlines.