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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.
If requesting materials or equipment, the RFP should provide, in addition to the total number of pieces, a budget and date for delivery. The RFP should also include a deadline for proposal submission and a request for materials such as resumes, budget estimates or list of applicable skills and expertise.