A bid document to solicit proposals from Suppliers, in a format that facilitates comparison, and ensures sufficient clarity on what is being requested.

An open solicitation to potential grantees or contractors inviting them to compete for money available to evaluate programs.

a Request for Proposal, while generally used for requirements of $25,000 or more, is often employed for requirements where the selection of a supplier cannot be made solely on the basis of the lowest price. An RFP is used to procure the most cost-effective solution based upon evaluation criteria identified in the RFP.

This is a detailed document from both a technical and business perspective. A document that has been written thoroughly will ensure the organisation gains valuable information about the vendors. It will also aid the vendors to provide the system that the organisation requires.

Solicitation to suppliers, inviting them to place competitive proposals or bids for planned products or projects. Often, the projects are extensive in their scope. An increasing number of RFPs are being placed online, either on the Website of the prospective purchaser, or on lead generation sites.

is a document produced by an organization which states a problem for which the organization wishes to contract a solution, together with the detailed specifications of the functionality, services and support required.

a formal request from a customer to a supplier for a proposal that includes pricing and terms on a specific item or items and usually services also.

a formal document used to receive bids on services

This is the public notice that is issued by a funder who wishes to procure a service from a contractor.

Follow-up to RFI, sent to interested vendors to solicit a configuration proposal, with prices, that meets a user's requirements.

A document used to detail proposed goods or services requirements and invites responses and bids from prospective suppliers.

A formal request for a treatment and budget for a specified product or service.

a request for bids from vendors to offer hardware or software solutions to service needs.

A solicitation issued by the government to prospective offerors. An RFP describes what the government requires and how the offerors will be evaluated. Negotiations may be conducted with offers. Award is based on a combination of lowest price and technical merit.

Announcements that specify a topic of research, methods to be used, and product(s) to be delivered. Proposals submitted in response to RFPs generally result in the award of a contract with terms and conditions which provide the sponsor with a lot of control over how the project is conducted.

A written notification prepared by an organization requesting offers to provide certain services (e.g., banking service) and to specify prices for these services. RFPs are generally quite detailed as to the types of services needed.

A written solicitation document which identifies the agency’s need or problem, and consultants are invited to submit proposals which outline their solution to the need or problem, their qualifications and experience to provide the services, and their costs or fees.

A document typically issued by a tenant's agent to an owner(s) of real property, inviting the owner(s) to submit a proposal to the tenant for the leasing of a vacant space. The RFP sets forth the specific areas of concern to the tenant, such as the space in question, the lease term, expansion and renewal options, rental rate, and tenant improvements and other allowances to be provided by the owner.

A request to a vendor to provide a solution to the requirements specification that describe the business need. The RFP contains the costs and features the vendor will provide to the company in lieu of the company's building a system themselves.

a business term referring to a request for bids, through a tender process, on a specific product or service

a call for help by a prospective client -- a kind of formal S

a formal document that solicits a third party to provide a specified service at an undetermined price

a method of procurement used to secure commodities and services by competitive pricing and evaluation, in accordance with W

a method used to solicit business plans from corporations

a formal document that describes in detail your logical requirements for a proposed system and invites outsourcing organizations to submit buds for its development

(RFP) A formal process in which potential suppliers of services or vendors of products are solicited to meet pre-defined needs of the organization. The RFP must contain sufficient detail to ensure that potential bidders are able to accurately judge an organization's requirements are properly position their products or services accordingly.

Procurement and Grants Office (PGO) terminology used when soliciting applications for research grants.

A solicitation by a tenant from a landlord detailing the specific terms, economic and otherwise, by which a tenant would consider a tenancy in the subject property.

(RFP) – a request to vendors to submit proposals on how, and at what price, they would provide a good or service in response to an identified problem, requirement, or objective. Vendors are requested to submit detailed proposals in accordance with pre-defined criteria. The selection of the successful proposal is based on evaluation criteria including the effectiveness, value and price of the proposed solution. 6.3.2a.1

RFP] A document used by the acquirer as the means to announce its intention to potential bidders to acquire a specified system, software product or software service.

A formal open bid document that a library prepares to obtain a customized response from a vendor. Responses may include pricing, enhancements, implementation plan, and timeline. An RFP is usually the precursor to a legal contract between vendor and library. Go to Top

A solicitation in which it is not advantageous to set forth all the actual, detailed requirements at the time of solicitation and responses are subject to negotiation. Price must be a factor in the award but not the sole factor.

A solicitation to prospective offerors, the response to which is analyzed in accordance with selection criteria set forth in the solicitation for the purpose of ranking the proposals received. A Request For Proposal is generally utilized (instead of an REOI) when specifications can be prepared.

A RFP (Request for Proposal) is used in negotiated procurements to communicate requirements to prospective contractors and to solicit proposals for the products and services. The proposals are then evaluated according to various selection criteria, which may include many factors as well as price.

A written request for proposals concerning goods or services the state intends to acquire by means of the competitive sealed proposal procedure. The solicitation document used in the competitive-sealed proposals process. The procedure allows changes to be made after other proposals are opened and contemplates that the nature of the proposals and/or prices offered will be negotiated prior to award.

A solicitation document issued to obtain offers from bidders that propose to provide products or services under a contract to be awarded using the process of negotiation.

Process used to purchase complex products and/or services when price is not the only factor to be considered in the evaluation criteria.

A document outlining a government agency’s requirements and the criteria for the evaluation of offers.

A method of selecting a prospective developer for a specific project. RFPs require developers to respond to agency solicitations with information about program, design, and business terms as well as their qualifications and a description of their experience with similar projects.

RFP a document sent to potential vendors outlining the requirements for a desired system.

A document sent to application vendors asking for their responses to checklists of required capabilities and features.

A type of tender document used to purchase complex services where criteria other than price will be used to evaluate bids. The RFP will include the evaluation criteria and relative weights assigned to each. Generally the highest scoring proposal wins.

An outline of all pertinent meeting specifications.

An RFP is a document that requests prospective service providers to propose terms and conditions for a solution (or solutions) addressing a set of requirements.

A request for proposal (RFP) is a document prepared by a customer to solicit proposals from potential providers. The Request For Proposal consists of a Solicitation Letter, Instructions to Bidders, ...

a document prepared by a customer, which describes features of a product they want a contractor to produce

a bid document used to request proposals from prospective sellers of products or services.

A formal request, issued by a plan sponsor or its consultant, inviting investment managers to submit information on their firms' investment strategy, historical investment performance, current investment opportunities, investment management fees, other pension fund client relationships, etc. Firms that meet the qualifications are requested to make a formal presentation to the board of trustees and senior staff members. Finalists are chosen at the completion of this process, and contract negotiation begins. [Go to source

A reuest from a purchaser to a vendor for specific pricing and description of deliverables.

A request by an institution for registered investment advisors or custodians to make proposals on the management or custody of some or all of an institution's assets.

A Request for Proposal is a document issued when an organization wants to buy something and chooses to make the specifications available to many other companies so they can submit competitive bids.

A document an organization sends to a vendor inviting the vendor to submit a bid for a product or, service.

A document used to solicit vendor responses when the functional requirements and features are known but no specific product is in mind. Syn: invitation for bid (IFB). See: request for information (RFI).

The formalized Request for Proposal represents a compilation of the many considerations that a tenant might have and should be customized to reflect their specific needs. Just as the building's standard form lease document represents the landlord's “wish list”, the RFP serves in that same capacity for the tenant.

A solicitation used in negotiated acquisition to communicate government requirements to prospective contractor and to solicit proposals.

A solicitation requesting proposals as to how the vendor would address the need identified in the RFP and the price that will be charged. Price will not be the determining factor.

A document, which provides information concerning needs and requirements for a manufacturer. This document is created in order to solicit proposals from potential suppliers. For, example, a computer manufacturer may use a RFP to solicit proposals from suppliers of third party logistics services.

A document in the form of a formal written request prepared by a prospective tenant (or the prospective tenant's representative on behalf of the tenant) for information regarding the lease and the building. Also, format used by some institutions to dictate what information they want from prospective management companies.

a written solicitation that conveys to vendors, a requirement for materials or services that the purchaser intends to buy. An RFP is a primary means of inviting a bid or proposal from prospective suppliers.

(RFP) – DMR will ask area agencies to submit proposals to support individuals that are looking for services, usually within residential services.

A document that indicates the specifications for a project that is issued to solicit responses from vendors. Contractors will be invited to submit a request for proposal to develop educational multimedia resources for the LearnAlberta.ca portal. S - T

See RFP

a document given by a company to prospective vendors that details the goods and/or services the company wishes to receive. Vendors then present the company with written proposals based on the RFP criteria. Search engines: software that searches documents and databases on the Internet. Example: Alta Vista.

Announcements that specify a topic of research, methods to be used, product to be delivered, and appropriate applicants sought. Proposals submitted in response to RFPs generally result in the award of a contract. Notices of federal RFPs are published in the Commerce Business Daily.

A tender document issued to suppliers in a short-listed group, to enable them to submit detailed proposals defining how they will meet the procurement requirements of a project.

RFID RFP

(RFP) - An application, request, or form for grant funds or services.

The formal mechanism by which a company conveys its business requirements during the search for a new application system. Known as the RFP, this document drives the Pre-sales cycle and provides valuable information into the business requirements definition process of the implementation.

(See Negotiated Sole Source vs. Request for Proposal.)

a document that provides detailed information about requested insurance coverage and that requests a bid from an insurer for providing the coverage.

A solicitation document from the Government to potential offerors requesting a proposal to provide required goods and services to the Government.

In Internet marketing, a request for proposal - RFP - is a formal document sent to websites by companies which are investigating potential places to advertise. The RFP seeks details about each site, its traffic, its target audience, etc. Before the dot-com crash, some of these documents were s ...

Written documents soliciting pricing and/or technical proposals to supply goods or services as specified in the requesting document. The proposal procedure is often complex and must satisfy very specific requirements. Any resulting award(s) would normally be funded by a contract.

The official document produced by an organization that requests vendor bids for specific products and services. Also, the tool that many power-wielding, sadistic training managers use to inflict needless pain on naive, desperate vendors.

Process by which a purchasing agency requests information from offerors, including all documents, whether attached or incorporated by reference, used for soliciting proposals.

A project posted by a company that is requesting bids from an outside contractor.

This is the type of document used to solicit bids where cost is not the most important factor. There are very specific rules that must be followed when using this process. Use of this process generally takes longer to determine the outcome.

A document outlining the Lessee's general and specific lease financing needs that is sent to various Lessors requesting that they prepare and submit a lease proposal. The request may include equipment specifications, length of term, and end-of-term options.

Pro-forma device for outlining specific purchasing requirements that can he responded to in kind by vendors.

the funder's request that includes the program overview and expectations, the guidelines, instructions, and forms necessary for the applicant to submit a proposal, and the criteria or rubric for judging proposals.

a written competitive solicitation process where price and specification are not the only consideration in determining award criteria. This solicitation process is intended to result in a contract.

In a design-build situation, the RFP is the owner's document that explains what is required and how to make a proposal. An RFP usually includes: Instructions to Proposers Contract Requirements Program Requirements Performance Requirements Essential product specifications

The official document produced by an organization that requests a written formal bid for specific products and services.

A request to provide a competitive proposal to handle a particular campaign for publication. The best proposal is typically awarded a contract to perform the service.

When a government issues a new contract or grant program, it sends out RFPs to agencies that it believes may be qualified to participate. An RFP lists project specifications and application procedures. While a few foundations occasionally use RFPs in specific fields, most prefer to consider proposals that are initiated by applicants. Sector is a distinctive part or division, in this case, of the economy. We commonly divide the economy into three sectors: the private (business), public (government), and the non-profit (or voluntary) sector.