Request for Proposal (RFP) definition

A request for proposal (RFP), sometimes known as a brief, is a verbal or written solicitation made by a company or intermediary (such as an agency) looking to procure a service, product or asset – suppliers are expected to respond with a proposal which outline their offering and why it is superior to competitors. Good RFPs provide in-depth information on short and long-term goals of the project.

Related terms include request for quotation (RFQ) and request for information (RFI).

Newsletter

Get the latest from HRZone

Subscribe to expert insights on how to create a better workplace for both your business and its people.

 

Thank you.

Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
ErrorHere