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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.
The RFI, the RFP and the RFQ are all tools that can be used separately or in combination to achieve a successful sourcing solution. Learn more About. . . Government RFPs â to bid or not to bid. Government RFPs take time and effort to complete. Be aware of their processes so that you can decide whether to bid or not.FP format and content. The RFP format is as important as the content â make it easy for the supplier to submit a quality bid. 5 key elements in an RFP review. An RFP review is essential to ensure quality responses - 5 main points to include in an RFP.