SAMPLE TEXT: A Request for Proposal (RFP) is a formal document issued by an organization seeking to procure services, products, or solutions from external vendors. The RFP outlines the project’s requirements, objectives, and scope, providing detailed specifications and criteria for evaluation. It serves as an invitation for vendors to submit proposals detailing how they intend to meet the project’s needs, including their approach, pricing, timeline, and qualifications. The RFP process ensures transparency and competitiveness, enabling the organization to select the most suitable vendor based on a thorough comparison of proposals. It is a critical step in project planning and procurement, helping to ensure that the organization secures the best possible solution within its budget and timeframe.