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What Is a Request for Proposal?

By Catherine Brock – Updated Jun 2, 2025 at 11:03AM

Key Points

  • RFPs standardize vendor selection, ensuring all bidders have equal info and enabling easy bid comparison.
  • Successful RFPs detail project scope and criteria, aiding vendors in bid preparation.
  • To enhance RFP response success, vendors must follow submission instructions and clarify all assumptions.

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