The RFP:
You might have heard the letters RFP but never understood exactly what it meant. An RFP is a request for proposal in which a company uses to solicit suppliers to submit quotes (proposals) for a business opportunity.
For many industries the RFP process is both daunting and exhilarating. It means you have a new prospect but it also means there are competitors in the deal and there is leg work to be done. For those creating the RFP there are a few tips to ensure you are submitting an efficient and effective RFP.