Welcome to the SmallBusiness.com WIKI
The free sourcebook of small business knowledge from SmallBusiness.com
Currently with 29,734 entries and growing.

WIKI Welcome Page
Local | Glossaries | How-to's | Guides | Start-up | Links | Technology | All Hubs
About · Help Hub · Register to Edit · Editing Help
Twitter: @smallbusiness | Facebook | Pinterest | Google+


In addition to the information found on the SmallBusiness.com/WIKI,
you may find more information and help on a topic
by clicking over to SmallBusiness.com and searching there.

Note | Editorial privileges have been turned off temporarily.
You can still use the Wiki but cannot edit existing posts or add new posts.
You can e-mail us at [email protected]

Request for proposal

SmallBusiness.com: The free small business resource
Jump to: navigation, search

Request for proposal (RFP) is an invitation, typically through a bidding process, to submit a proposal on a service or commodity. It may be a lengthy process for the parties involved but allows for leveraging negotiating ability and purchasing power. The RFP process brings structure to the procurement decision. Often used by government agencies, Group Purchasing Organizations (GPO), Blanket Purchase Agreements or where the buyer is looking for specifics typically outlined in the RFP. RFP may also be utilized as a formal equivalent of brief.

Simply, the RFP is a written solicitation that conveys a requirement for materials or services that the purchaser intends to buy. The RFP response is a proposal.

See Also

SB glossary new.jpg
This term or phrase is currently an entry in The SmallBusiness.com Business Glossary WIKI. Please help expand this entry into a more detailed description.