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RFP in Business Word Meaning

The RFP meaning in Business Word terms is "Request for Proposal". There are 2 related meanings of the RFP Business Word abbreviation.

RFP on Business Word Full Forms

  1. Request for Proposal 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.
  2. Request for Quotation

Frequently Asked Questions (FAQ)

  1. What does RFP stand for Business Word?

    RFP stands for Request for Quotation in Business Word terms.

  2. What is the shortened form of Request for Quotation in Business Word?

    The short form of "Request for Quotation" is RFP for Business Word.

Citation

RFP in Business Word. Acronym24.com. (2021, December 15). Retrieved November 25, 2024 from https://acronym24.com/rfp-meaning-in-business-word/

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