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: