What Does RFP Stand For?

RFP stands for Request For Proposal

RFP, or Request For Proposal, is a formal document issued by organizations to solicit proposals from potential vendors or service providers. It outlines project requirements, evaluation criteria, and submission guidelines, enabling companies to compare various solutions and select the best fit for their needs. RFPs are commonly used in procurement processes across various industries to ensure transparency and competitiveness in awarding contracts.