RFP has various meanings in the Business Word category. Discover the full forms, definitions, and usage contexts of RFP in Business Word.
A request for proposal (RFP) is a document that an organization posts to elicit bids from potential vendors for a product or service. For example, a new business or a business moving from a paper-based system to a computer-based system might request proposals for all the hardware, software, and user training required to establish and integrate the new system into the organization. Another business might draft an RFP for a custom-written computer application they wanted to outsource.
Business WordLast updated: