Request for Proposal (RFP)

Request for Proposal (RFP)

An invitation for suppliers to bid on a specific product or service. This document typically involves much more than the price. It may include basic corporate information and history, financial information, technical capability, product information and estimated completion period, and customer references. RFPs are sent to an approved supplier or vendor list. The bidders return a proposal by a set date and time.

Source: Staffing Industry Analysts