What is a Request for Proposal (RFP)?

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What is a Request for Proposal (RFP)?

A request for proposal (RFP) is a procurement document that requests solutions, ideas, and detailed information from the vendor about the outsourced function. The vendor supplies a proposal in response to the RFP. An RFP is typically submitted with a declaration of work that specifies the outsourcing need the vendor will provide with a solution and a price. A request for proposal (RFP) is…

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