Understanding The RFP Process Step By Step
When companies and government organizations discover that they have a need for services, they know that they’ll be inundated with responses. To make sense of those responses, they will use an RFP (request for proposal). An RFP details how a service provider will approach the project, the timeline for completion, and the cost to complete the project. The RFP is like submitting a resume to get a job. It’s the first step in landing a large client. Read on to learn about the RFP process and how you can win a big contract. The RFP Process. There are two sides to the RFP process. There’s the side of the company creating and sending out the RFP and there are the firms that are responding to the RFP. Each has a different process to approach RFPs. Companies that create the RFP have to take the time to discover what their needs are. RFPs are usually reserved for large, complex projects. That means that there will be a lot of stakeholders involved in the decision of who to award the contra...