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Request for proposal (RFP)

Glossary

What is Request for proposal (RFP)

Request for proposal (RFP) is a formal document that is used to request potential suppliers about their bids on a project, good or service that a conpany wants to buy.

Request for proposal (RFP) is a final stage of negotiations between suppliers or vendors and contractors, and this document requests vendors to provide their proposals to fulfill contractor’s requirements. Mostly, the Request for proposal (RFP) is sent to receive bids on supply.

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