RFP (Request for Proposal)
A formal solicitation inviting vendors to submit proposals to deliver a defined scope of work.
A Request for Proposal (RFP) is a formal procurement document issued by a buyer — typically a government agency, large enterprise, or institution — to invite qualified vendors to submit detailed proposals for a defined scope of work. RFPs evaluate vendors on technical approach, past performance, team qualifications, and price. Unlike a Request for Quote (RFQ), an RFP solicits methodology and creativity, not just pricing. Modern AI tools can automate the response process by parsing RFP questions, drafting responses from a knowledge base, and managing collaboration.