Request For Proposal (RFP)
A RFP is a document created to ask interested organizations to submit a plan to solve a problem. These plans are then used by the requesting company to decide which organization is best suited to complete the task.
A RFP is composed of the following three major pieces:
- A summary of RFP's objective
- Information on the company that is requesting the proposed work
- Detailed information about what is being requested
The detailed information contains the following:
- A timeline for the project including when it will start
- Information about the cost of the given proposal
- Extra requests that are not required but would be good additions to the project
- Suggestion of how the proposal should be organized