HR Glossary

Request for proposal (RFP)

Request for proposal refers to a request in which a company announces to vendors and companies that funding is available for a particular project, service or program and that they can submit a bid.

what-is-request-for-proposal-rfp

Request for proposal definition (RFP)

Request for proposal refers to a request in which a company announces to vendors and companies that funding is available for a particular project, service or program and that they can submit a bid.

It defines the bidding process and contract terms and includes a description of the project/service, the type of contract, cost and other specifics.

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