Request for Proposal (RFP)

A request for proposal (RFP) is both the process and documentation used in soliciting bids for potential business or IT solutions required by an enterprise or government agency. The RFP document typically outlines a statement of requirements (SOR) to be met by prospective respondents wishing to make a bid to deliver the required solutions. It might cover products and/or services to meet the given requirements. The RFP documentation also typically covers the related procurement process, evaluation criteria, commercial terms and conditions, timeliness and activities involved, and what respondents should include in their RFP response.