What is a request for proposal (RFP) and why is it important?

What will be an ideal response?


A request for proposal (RFP) is a document outlining the type of service needed, the type and number of references needed, the number of employees to be trained, the date by which the training is to be completed, and the date by which proposals should be received. The organization reviews the proposals to eliminate any vendors that do not meet requirements and to compare the vendors that do qualify. Putting together a request for proposal is time consuming but worthwhile because it helps the organization to clarify its objectives, compare vendors, and measure results.

Business

You might also like to view...

Sales call allocation is the time spent by the salesperson calling on accounts excluding the traveling time.

Answer the following statement true (T) or false (F)

Business

Humor should not be used when introducing a presentation because it can be offensive

Indicate whether the statement is true or false

Business

If a public company decides not to solicit proxies for a shareholder meeting, it need not give shareholders the information that would have been required in a proxy statement

a. True b. False Indicate whether the statement is true or false

Business

Which approach to state regulation of securities requires an issuer to undergo a full-blown registration complete with a merit review?

a. Registration by qualification b. Registration by notification c. Registration by coordination d. Registration by merit

Business