RFP-Request for Proposal
Written Document-specific information about the organisation
and the services/products the business is in.
RFP asks specific information from the suppliers or the
requirements, they must meet to get hold of orders from the client.
Important is RFP is given after RFI. We have to take a note
that RFI is not asked again and again for ex: A client may ask for RFI in a
particular year and after collecting RFI and floating a tender giving RFP and
finalising the proposal. The coming year, the client may not go for RFI again.
They may go for RFP directly next year.
For every proposal, there will be a request for proposal,
however, there will bot be a different RFI for every proposal.The reason being
RFI is only asking for information.It doesn't ask for price & quotation for
a specific scope.
REASONS TO WRITE A FORMAL REQUEST FOR PROPOSAL
To provide a fair and equal opportunity to the vendor for
providing services.
Common RFP ensures that the information is getting to
everyone the same to assess.
Most of the companies and government sectors are going for
transparency and visibility.
RFP is given to identify and select qualified organisations
capable of supporting high levels of service client needs in the most effective
and administratively efficient manner possible.
To select stable, organised and efficient organisations
interested in developing long-term relationships with the client.
To award opportunities to the most capable and qualified
organisation.
To choose organisations whose capabilities and experience
can support demands and can grow as the clients needs everyone in future.
to be continued...
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