The request for proposal (RFP) is the process (the
document) by which an acquirer (a buyer) calls for tenders
from potential developers (sellers). Once responses have been evaluated, the
acquirer may invite one or more of the tenderers to
contract negotiations. After successful contract negotiations, a contract may be
signed. The request for proposal is sometimes call a
request for tender (RFT), request for quotation (RFQ), or an
invitation to bid (IFB).
Other topics in our resources on Project Management related to Request for Proposal include: